Thai Polycons Public Company Limited

The Central Bankruptcy Court has ordered the dismissal of the business rehabilitation petition of Thai Polycons Public Company Limited, or TPOLY, which was filed by the petitioning creditor TPC Power Holding Public Company Limited, or TPCH. The court found that there were no reasonable grounds for the company to enter the rehabilitation process under Section 90/6, paragraph one, of the Bankruptcy Act, according to TPOLY letter 080/2569 dated 10 September 2569, which was reported to the Stock Exchange of Thailand. Ms. Onanong Intharaprasit, Chief Executive Officer of KPM Securities Company Limited, in her capacity as lead underwriter and debenture holders' representative, said the company has maintained its stance against the rehabilitation petition from the outset in order to fully protect the rights of debenture holders, and that this court order is a positive signal that allows it to move forward with demands that TPOLY repay its debts to debenture holders without restriction. It has currently prepared as many as three legal teams and is ready to exercise legal rights to the fullest extent to safeguard the interests of debenture holders to the utmost, and it asks all relevant parties to act transparently and fairly toward every debenture holder. The court order dismissing the rehabilitation petition is beneficial to TPOLY debenture holders because it means TPOLY does not receive protection to suspend debt payments during the rehabilitation process. Debenture holders therefore retain the full right to demand repayment and to enforce their claims through legal proceedings. KPM Securities will closely monitor developments and will inform debenture holders when there is any significant progress.

Thai Polycons Public Company Limited, or TPOLY, informed the Stock Exchange of Thailand that on 9 September 2026 the company was notified by the Central Bankruptcy Court that the court had issued an order dismissing the business rehabilitation petition filed by TPCH Power Holdings Public Company Limited, or TPCH, which is both a subsidiary and a financial creditor of TPOLY. Earlier, TPCH had filed a petition seeking the rehabilitation of TPOLY with the Central Bankruptcy Court on 28 August 2026, docketed as case number ฟฟ 13/2569. However, after consideration, the Central Bankruptcy Court found no reasonable grounds for TPOLY to enter the rehabilitation process under Section 90/6, paragraph one, of the Bankruptcy Act B.E. 2483 and its amendments, and therefore issued the order dismissing the petition. TPOLY stated that if there are any significant developments regarding the matter, the company will disclose information to the Stock Exchange of Thailand in accordance with the relevant criteria.