Wastech Exponential Company Limited (WTX) (formerly named Suntech Recycle & Decarbon Co., Ltd.), the issuer of STRD24DA bond, will electronically convene the Bondholders’ Meeting No. 1/2025 on 16 May 2025 at 14.00 hours to consider the following matters:        

(1) Granting a waiver from an event of default under the terms and conditions in relation to the company’s failure to pay interest due on 10 March 2025, and approving the payment of the outstanding interest in four equal installments, as well as approving the cancellation of the immediate repayment requirement and the cancellation of default interest, as specified in the notice from the bondholders’ representative;  

(2) Adjusting the principal repayment schedule from a partial repayment of 25 percent of the bond value on the issuance date on 9 December 2025, to a full repayment of the outstanding principal on the maturity date on 9 December 2026;     

(3) Revising the interest payment schedule from quarterly payments to semi-annual payments;   

(4) Increasing the interest rate from 7.75 percent per year to 7.80 percent per year, starting from 9 June 2025 until the bond maturity date;  

(5) Allowing interest payment in installments at the rate of 3 percent per year. Accordingly,, the interest payment at the rate of 4.75 percent per year would be suspended from 9 March 2025 to 9 June 2025, and at the rate of 4.80 percent per year from 9 June 2025 to 9 December 2026. The deferred interest from these periods shall be accumulated and included in the calculation for payment on the maturity date or the date of early redemption (as the case may be);   

(6) Granting a waiver from an event of default under the terms and conditions in cases where the bond issuer revises the debt repayment conditions and/or engages in debt restructuring negotiations with financial institutions or other creditors, as well as any deferral or adjustment of the debt repayment schedule.   

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 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 a voting decision at the bondholders’ e-meeting.  

Remark: Daol Securities (Thailand) Public Company Limited serves as the bondholders’ representative for STRD24DA bond due on 9 December 2026.