Asia Precision Public Company Limited (APCS), as the APCS246A and APCS24NA bond issuer, will convene the bondholders’ meeting No. 1/2024 via electronic means on 4 June 2024 at 09.30 hours for APCS246A bonds and at 11.00 hours for APCS24NA bonds. The e-meeting’s agenda contains the following matters:  

Agenda Item 1: Consideration for approval

(1) Extension of the maturity periods for both series for two more years;

(2) Partial repayment of the principals in total amount 15 percent of the bond value as of the issue dates by reducing the par value per unit, to be made on the original maturity dates. The remaining principals will be repaid on the maturity dates, as extended.     

Agenda Item 2: Consideration for approval of an increase of the annual interest rate from 6.00 percent to 7.00 percent for APCS246A bonds, and from 6.20 percent to 7.00 percent for APCS24NA bonds, during the maturity periods, as extended.

The SEC requires that the bondholders’ 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 bondholders’ 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 bondholders’ representative to obtain comprehensive information before making an informed decision at the bondholders’ e-meeting.   

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Notes:

Asia Plus Securities Co., Ltd. is the bondholders’ representative for APCS246A and APCS24NA. 

* APCS246A bonds are due on 16 June 2024.

* APCS24NA bonds are due on 11 November 2024.