Nakhonluang Capital Public Company Limited (NAKON) convened the Bondholders’ Meeting No. 1/2025 for NAKON25OA and NAKON264A bonds on 25 September 2025; however, the meeting failed to meet the quorum requirements under the terms and conditions. The company will therefore reconvene the meeting electronically on 3 October 2025 at 14.00 hours. The matters for consideration are as follows:   

(1) Approving the extension of bond maturity dates for redemption, as follows: 
- For NAKON25OA bond, an extension of one year and six months, to be due on 19 April 2027;
        - For NAKON264A bond, an extension of one year and one month, to be due on 19 May 2027;
        (2) Approving an increase in the interest rate, from 7.25 percent per year to 7.50 percent per year, effective throughout the extended maturity periods, in accordance with the rules and procedures specified in the terms and conditions; 
        (3) Approving related actions concerning the bond series, with details as follows:
         - Granting an exemption from an event of default under the terms and conditions for the issuer's proposal to revise repayment terms for NAKON25OA and NAKON264A bonds at the Bondholders' Meeting No. 1/2025 (including any postponed meetings due to lack of quorum, if any), with the outstanding value totaling 387.30 million baht; 
         - Granting an exemption from an event of default under the terms and conditions for the issuer's negotiations for debt restructuring with financial institutions or other creditors for operations within one year from the date of the Bondholders' Meeting No. 1/2025 (if any). 
        (4) Revising the terms and conditions to grant the issuer the right to redeem the bonds prior to the maturity dates (call option). 

The SEC requires that the bondholders’ representatives 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’ representatives. 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’ representatives to obtain comprehensive information before making a voting decision at the bondholders’ e-meeting.     

Remark:  

(1) Daol Securities (Thailand) Public Company Limited serves as the bondholders’ representative for NAKON25OA bond due for redemption on 19 October 2025;
(2) Pi Securities Public Company Limited serves as the bondholders’ representative for NAKON264A bond due for redemption on 19 April 2026.