Message from Chairman and Chief Executive Officer

It has been over three years since Thailand and the world have been faced with the COVID-19 pandemic. This has led to changes in consumer behavior and business practices, resulting in the New Normal era. The use of information technology has played a significant role in enhancing work efficiency and safety. During the pandemic, Chayo Group Public Company Limited has demonstrated its ability to adapt and turn crises into opportunities, resulting in continued growth over the past three years. In 2022, The Company achieved revenue and net profit growth of 38.70% and 23.61%, respectively, with a net profit of 274.46 million THB.

For the growth plan in 2023, The Company aims for revenue growth of at least 25% and plans to invest approximately 2,000-3,000 million THB (including Chayo JV) to acquire non-performing loans. It is expected that there will be an increase in non-performing loans entering the system in 2023, as the assistance measures for businesses expire. In the lending business, The Company aims for revenue growth of 100% and plans to issue new loans totaling approximately 600-1,000 million THB.

In the current crisis that the country is facing, The Company, as a professional debt and asset manager, is proud to be part of the community that helps drive the economy forward smoothly. Whether it is helping customers regain financial independence and access to appropriate funding sources without relying on off-system debt, or driving efficient operation and/or development of low-quality assets to circulate back into the market and stimulate the economy, The Company has played a crucial role. This has resulted in the economic system circulating and enabling the people and economy to move forward and grow.

Operating efficiently and sustainably while being responsible to customers, society, the economy, and the nation, as well as creating returns for investors, shareholders, and stakeholders is a top priority for The Company. The Company cannot succeed if it does not have the support of its customers, shareholders, investors, employers, financial institutions, and stakeholders.

Therefore, Chayo would like to take this opportunity to express its gratitude to all parties who have supported and believed in The Company's operations and management. The Company will continue to work with dedication and full capacity while adhering to ethical principles and being conscious of all parties involved, taking responsibility for society, the nation, and the environment in order to move forward toward sustainable growth and create sustainable returns in the future.