The Securities and Exchange Commission (SEC) has issued an announcement urging SABUY263A bondholders of WSOL Public Company Limited (WSOL) to study all relevant information and prepare for the Bondholders’ Meeting No. 1/2026. The meeting will be held via electronic media (E-meeting) on January 21, 2026, at 1:30 PM.

The key agenda of this meeting directly impacts the rights and debt repayments of bondholders. There are five primary proposals for which the issuer is seeking approval from the meeting, as follows:

Request for Waiver and Amendment of Conditions: WSOL is seeking a waiver so that certain circumstances are not deemed an ‘Event of Default.’ This covers the convening of this meeting to extend the redemption period, as well as the company’s debt restructuring negotiations with financial institutions or other creditors from December 31, 2025, to March 21, 2027. This is to ensure the company can continue its operations and manage its liabilities without facing immediate legal action for debt repayment.

Extension of Redemption Period and Interest Rate Conditions: The next agenda item is the proposal to postpone the principal redemption for a full year, moving the original maturity date to March 21, 2027. During this extension period, the company proposes to maintain the bond’s interest rate at the current level, as stipulated in the Terms and Conditions of the debentures.

Management of Collateral and Risk Mitigation: Another critical point is the request for a waiver regarding the duty to maintain collateral value. Ordinarily, the company is required to maintain a collateral value of no less than 1.50 times the outstanding debt. The company is seeking to suspend the obligation to provide additional collateral, even if the value falls below this threshold, until 2027.

Additionally, the company is seeking approval to divest ‘AS shares,’ which serve as collateral for this bond series. All proceeds from the sale will be used to gradually repay the SABUY263A bondholders on a pro-rata basis.