Property Perfect has successfully received approval from bondholders of all 15 series to extend the redemption period by another 2 years, along with adjustments to interest payment terms and an increase in the interest rate by 0.25% per annum, reflecting investor confidence and supporting financial management plans.

Mr. Sanit Atthayanasuk, CEO of Property Perfect Public Company Limited, revealed the results of the bondholders' meeting held on August 6, where the company convened bondholders from 15 series. A total of 2,535 bondholders participated and granted proxies out of 3,987 total bondholders, and they expressed their trust by unanimously approving all agenda items presented by the company. This unanimous vote demonstrates the bondholders' confidence in the company's ability to manage its finances responsibly and with discipline, both in terms of short-term liquidity management and sustainable long-term growth.

Key resolutions approved during the meeting included the extension of the maturity date for the redemption of all 15 bond series by an additional 2 years, as well as adjustments to interest payment terms, with an increase of 0.25% per annum under the same conditions for all series. This was approved by bondholders with at least 75% of the votes from those present in each series. The plan to extend the repayment period and adjust the interest rate was carefully considered to maintain a balance between the company's operational capabilities and the interests of bondholders. The company has developed a financial management plan and a debt repayment strategy that aligns with its current capabilities and is consistent with its strategic plan for the next three years, with a commitment to repay interest and principal to bondholders as scheduled.

Additionally, the meeting approved the cancellation of the credit rating for the bond issuer and the bonds, in line with the plan to reduce expenses, as the company currently has no plans to issue new bonds and does not need to maintain the credit rating. This cancellation will help reduce the cost burden without affecting the rights of current bondholders, and it was approved with at least 66% of the votes from those present and voting, as per the rights provisions, effective from the date of the bondholders' meeting approval.

“The company would like to thank the bondholders of all 15 series for their trust and support of this financial restructuring plan, which marks an important step in enhancing efficiency and increasing flexibility in liquidity management. The company reaffirms its commitment to fulfilling the intentions and agreements made with bondholders in full,” Mr. Sanit stated.