Prime Road Power Public Company Limited (PRIME), the issuer of PRIME253B, PRIME253A, PRIME25DA and PRIME25DB bonds, will electronically convene the Bondholders’ Meeting No. 1/2025 on 25 February 2025 at 14.00 hours. The e-meeting contains matters for consideration as follows:    

(1) Granting a waiver from an event of default for all four series of the bonds in cases where the bond issuer proposes to the bondholders’ meeting a revision of debt repayment conditions, changes to the debt repayment schedule, or any other modifications related to the debts;  
(2) Extending the maturity date for redemption of all four bond series by an additional year from the original maturity date;
(3) Revising the principal repayment schedules for all four bond series to two installments, with the first installments totaling 30 percent of the bond values, while the second installments covering the remaining balances on the extended maturity dates. (The first installments payments are scheduled as follows: PRIME253B and PRIME253A bonds by 31 July 2025, PRIME25DA bonds by 2 December 2025, and PRIME25DB bonds by 8 December 2025;  
(4) Increasing the interest rate for all four bond series by 0.50 percent per year from the original rates of each series, during the extended maturity periods; and
(5) Revising the terms and conditions for two bond series – PRIME253A and PRIME25DA – to grant the bond issuer the right to redeem the bonds before the maturity dates.

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.     

Remarks:
          BlueBell Securities Co., Ltd. serves as the bondholders’ representative for PRIME253B bond due on 8 March 2025, and PRIME25DB bond due on 8 December 2025.
          Globlex Securities Co., Ltd. serves as the bondholders’ representative for PRIME253A bond due on 10 March 2025.
          Asia Plus Securities Co., Ltd. is the bondholders’ representative for PRIME25DA bond due on 2 December 2025.