On 17 September 2021, the SEC sent a circular to all listed companies advising listed companies that invest or plan to invest in digital assets to exercise discretion in making decisions regarding
clarifications and submit related documents to the SEC within 14 February 2024 and disclose the clarifications in the SETLink. OTO shareholders are advised to study information carefully and exercise their
to liquidate the collateral assets to repay the principal, fulfill interest obligations, or settle any fees owed to the bondholders. The SEC requires that the bondholders’ representative analyze the
waiver of the requirement to provide additional replacement assets as collateral if the ratio falls below 1.5:1, from 20 November 2024 to 30 December 2025; and (4) A reduction of the interest rate to 2
1.5:1, as well as a waiver of the requirement to provide additional replacement assets as collateral if the ratio falls below 1.5:1, from 20 November 2024 to 30 December 2025 (SABUY263A); (6) An
) Granting a waiver from an event of default under the terms and conditions in the case where the bond issuer mortgages the company's assets as collaterals for loan repayment; and(7) Granting consent to a
replacement assets. The SEC requires that the bondholders’ representative analyze the benefits and shortcomings as well as the potential impacts on the bondholders both in cases of approval and decline
mortgages the company’s assets, including but not limited to securing debt repayment, refinancing, or negotiating waivers or modifications for debt restructuring with financial institutions.The SEC requires
introducing additional conditions for cases where the bond issuer exercises the right to redeem or request the return of collateralized and/or replacement assets. The SEC requires that the bondholders
proposed revision to the terms and conditions regarding the collateral maintenance against the principal debt by allowing the issuer to redeem or return the full or partial value of the assets used as