CHO, the issuer of CHO212A, CHO21OA, CHO229A and CHO228A bonds, will electronically convene the Bondholders’ Meeting No. 1/2024 on 18 December 2024 at 14.00 hours. The e-meeting contains matters for consideration of approval as follows:  
(1) A waiver in the case where the bond issuer is unable to maintain an interest bearing debt to equity ratio not exceeding 3:1, as reflected in the consolidated financial statements as of 30 September 2024, ensuring that this shall not be considered an event of default under the terms and conditions; 
(2) A revision of the interest rearing debt to equity ratio under the terms and conditions, changing the limit from not exceeding 3:1 to not exceeding 5:1.

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: 1) Globlex Securities Co., Ltd. is the bondholder representative for CHO212A bonds, and 2) Asia Plus Securities Co., Ltd. is the bondholder representative for CHO21OA, CHO229A and CHO228A bonds.