WSOL
Public Company Limited, as the issuer of SABUY263A, will convene the Bondholders’ Meeting No. 1/2026 in
the form of an E-Meeting on 21 January 2026 at 13.30 hrs. The
matters for consideration are as follows:
(1) Granting waivers for the
following matters shall not constitute an event of default under the terms and conditions:
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The issuer’s convening of the Bondholders’ Meeting No. 1/2026 (including any
adjourned meeting, if any) for the purpose of seeking approval for a one-year
extension of the bond’s maturity; and/or
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The issuer’s negotiation or entry into any agreements with financial
institutions or other creditors during the period from 31 December 2025 to 21
March 2027 for the purpose of debt restructuring.
(2) Extending the bond’s
maturity by an additional one year, resulting in a new maturity date of 21
March 2027;
(3) Maintaining the
existing bond interest rate throughout the extended period, subject to the
bondholders’ meeting approving the maturity extension;
(4) Waiving the issuer’s
obligations to maintain the aggregate value of the collateral against the
outstanding principal amount of the bonds at a ratio of not less than 1.50:1,
and to procure additional replacement collateral in the event that such
collateral ratio falls below 1.50:1, for the period from 31 December 2025 to 21
March 2027;
(5) Allowing the
issuer to dispose of the collateral for SABUY263A (AS shares), and to apply the
proceeds from such disposal toward repayment of the SABUY263A.
The SEC
requires the bondholders’ representative to provide a clear analysis of the
advantages, disadvantages, benefits, and potential impacts on bondholders for
both approval and disapproval of the proposed matters, including comprehensive
supporting reasons and the opinion of the bondholders’ representative.
Accordingly, the SEC urges bondholders to carefully review all information and
exercise their rights to safeguard their interests. Bondholders should also
seek clarification from the bondholders’ representative to ensure they have
complete and sufficient information before making a voting decision at the
bondholders’ meeting.
Notes: Asia Plus Securities Company Limited acts as the
bondholders’ representative for SABUY263A with maturity on 21 March 2026.