Wastech Exponential Company Limited (formerly known as Suntech Recycle & Decarbon Co., Ltd.), the issuer of STRD24DA bonds, will convene the Bondholders’ Meeting No. 1/2024 electronically on 26 November 2024 at 14.00 hours. The e-meeting will consider the following matters:   

(1) A two-year extension of the maturity date for redemption, to be due on 9 December 2026;        
(2) Repayment of the bond principal in two installments; the first one at the amount of 25 percent of the bond's value as of the issuance date to be due on 9 December 2025, and the remaining balance to be due on 9 December 2026, the extended maturity date;  
(3) An increase of the interest rate from 7.25 percent per year to 7.75 percent per year throughout the extended maturity period.

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

Remark:

Daol Securities (Thailand) Public Company Limited is the bondholders’ representative for STRD24DA bonds due for redemption on 9 December 2024.