representative in writing of any event of default or any event that may become an event of default; (2) The bond issuer’s default on debt repayment under loan agreements to other creditors with a total value
other creditors for operations within one year from the date of the Bondholders' Meeting No. 1/2025 (if any). (4) Revising the terms and conditions of the two extended bond series (NAKON25OA and
default under the terms and conditions in cases where the bond issuer revises the debt repayment conditions and/or engages in debt restructuring negotiations with financial institutions or other creditors
institutions or other creditors, as well as any deferral or adjustment of the debt repayment schedule. The SEC requires that the bondholders’ representative analyze the benefits and shortcomings as well as
negotiate or enter into any contract with the creditors to restructure debts, without being considered an event of default according to the terms and conditions of the bonds; Agenda item 4
income. In addition, many GSTEL creditors are filing lawsuits against the company for debt repayment. IFA therefore views that it is unnecessary to extend the repayment period as the extension is
setting of the allowance for doubtful debts while the SEC investigation found that some assets have already been mortgaged as collaterals with other creditors since 2009; 3. NIPPON has not
Subsidiary Company”) to the Debenture Creditors at the Central Office for Machinery Registration, Department of Industrial Works, Ministry of Industry in order to swap the debenture of Rich Asia Corporation
99.57 million become overdue. Due to liquidity problem and receiving notices demanding for payment from major creditors, thus to prevent bankruptcy situation, GSTEL had submitted the petition requesting
Financial Reporting Standards (TFRS) and conservatism assumption; to this regard, the Company recorded an additional debts, amounting 670 million Baht, for 3 creditors who entered into the compromise