East Coast Furnitech Public Company Limited (ECF), as the bond issuer of ECF246A, will hold the Bondholders’ Meeting No. 1/2024 electronically on 30 April 2024 at 15.30 hours. The e-meeting’s agenda contains subject matters for consideration as follows: 

Agenda Item 1:  

(1) Extension of the maturity date for the bond redemption for another year;       

(2) Partial repayment of the bond principal by reducing the par value per unit by five percent of the bond value as of the bond issue date. The repayment date would be on the original maturity date on 9 June 2024. The remaining principal would be repaid on the extended maturity date on 9 June 2025. 

Agenda Item 2: 

An approval for adjusting the bond interest rate from 7.15 percent per year to 7.40 percent per year throughout the extension period of the bond maturity.   

The SEC requires that the bondholder representative analyze the benefits and shortcomings as well as the potential impacts on the bondholders both in cases of approval and decline of approval for the above matters with respective supporting reasons, and clearly provide information to the bondholders together with the opinions of the bondholder representative. The bondholders are, therefore, encouraged to thoroughly review the information and exercise their rights to protect their own interests. They should also make necessary inquiries to the bondholder representative to obtain complete information before making an informed decision at the bondholders’ e-meeting.   

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Remark: Pi Securities Public Company Limited acts as the bondholder representative for ECF246A bonds.