Thai Polycons Public Company Limited (TPOLY), the issuer of TPOLY253A bond, will convene the Bondholders’ Meeting No. 1/2025 electronically on 11 March 2025 at 10.00 hours to consider the following matters:    

  (1)  Granting a waiver from an event of default in the case where the company is unable to carry out the following actions:   

-  Closing the bondholders' register at least 14 days before the bondholders’ meeting date;  

  -  Ensuring that the bond registrar notifies the Thai Bond Market Association at least seven days before the first closure date of the bondholders' register; 

  -  Delivering the bondholders' meeting invitation at least seven days before the meeting date.  

(2)  Extending the maturity period for bond redemption by 11 months, with the new maturity date set for 11 February 2026;  

(3)  Increasing the interest rate from 5.25 percent per year to 6.25 percent per year, during the extended maturity period;   

(4)  Adjusting the principal repayment schedule into two installments, with the first installment comprising 10 percent of the bond value to be paid by 11 June 2025, and the second installment settling the remaining balance on the extended maturity date;  

(5)  Granting approval for the company to liquidate the collateral assets to repay the principal, fulfill interest obligations, or settle any fees owed to the bondholders.  

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: 

KPM Securities Co., Ltd. serves as the bondholders’ representative for TPOLY253A bond due on 11 March 2025.