Company Milestones

Khun Pracha Chaisuwan and the management team founded the Company with a registered capital of Baht 1.0 million to provide the debt collection and recovery services

The Company opened the first branch office located in Nakhon Ratchasima Province.

RWAY was founded with a registered capital of Baht 1.0 million, which was subsequently increased to Baht 10 million to acquire non-performing accounts receivable

The Company was engaged by American Expressway Co., Ltd. to provide the debt collection and recovery services for the first year, which continues until now.

• CFAM was founded with a registered capital of Baht 40.0 million to accept transfer of non-performing assets from financial institutions in 2012.
• The Company opened its 10^th branch office located at Hat Yai District, Songkhla Province.

COURTS was acquired from the existing shareholders to carry on the CCC Loans business.

• บริษัทฯ เข้าซื้อหุ้น RWAY CFAM และ COURTS จากผู้ถือหุ้นเดิม ซึ่งเป็นส่วนหนึ่งของการปรับโครงสร้างการถือหุ้นของกลุ่มบริษัทฯ เพื่อเตรียมความพร้อมในการเสนอขายหุ้นสามัญต่อประชาชนเป็นครั้งแรก (IPO) และการนำหุ้นสามัญของบริษัทฯ เข้าจดทะเบียนในตลาดหลักทรัพย์ฯ ส่งผลให้บริษัทฯ ถือหุ้นบริษัทย่อยในสัดส่วนร้อยละ 100 ของจำนวนหุ้นที่ออกและชำระแล้ว

R Alliance Co., Ltd., a subsidiary of RS Public Company Limited, acquired 35.0 percent of issued and paid-up shares in the Company from the existing shareholders.

• The Extraordinary General Meeting of Shareholders No. 1/2022, which was held on August 5, 2022, resolved to approve the following transactions:
  • The Company was converted from a limited company to a public limited company for listing on the SET.
  • The par value was change from Baht 100.0 per share to Baht 0.5 per share
  • The Company’s registered capital was increased by issuing 417.0 million newly issued ordinary shares with a par value of Baht 0.5 per share.
  • The allocation of the Company’s newly issued ordinary shares was approved for an initial public offering (IPO).
  • The Company’s shares were approved for listing on the SET.
• RS Public Company Limited restructured its internal shareholding structure by having R Alliance Co., Ltd. transfer the Company’s shares to RS Mall Co., Ltd. and RS LiveWell Co., Ltd., subsidiaries of RS Public Company Limited.
• The Company considered the risks of debtors’ debt-serviceability from Hope Loan, and resolved to suspend Hope Loan extension, provided that such loans would be approved only for debtors who had already consulted with the Group and been in the course of negotiation with the existing creditors, and the consideration and approval of new loans would be discontinued since December 31, 2022. For accounts receivable in the loan business currently with outstanding balances, the Group would continue to monitor all debtors’ debt repayments under the agreed upon terms and conditions accordingly.

• The Company was successfully listed on the Stock Exchange of Thailand by its abbreviated name “CHASE” and started trading on February 21, 2023 under the Financial Industry.
• The Company was awarded a 5-star or “Excellent” CG Scoring in 2023 from the Thai Institute of Directors (IOD) sponsored by the Stock Exchange of Thailand under the Corporate Governance Report of Thai Listed Companies 2023 (CGR), which was the first year of the Company’s participation in the program after listing on the SET, and also received a 4 medal scoring for the Annual General Meeting Quality Assessment (AGM Checklist) in 2023 from the Thai Investors Association
• The Company declared the intention to participate in the Thai Private Sector Collective Action against Corruption (CAC) Program
• The Group achieved its target of bidding for acquisition of non-performing assets with an investment budget of Baht 1,000 million, which was regarded as the year with the highest debt acquisition, and also introduced technologies to enhance the efficiency of debt collectors on a full scale, which caused the debtor contact rate higher.

• The 2024 Annual Ordinary General Meeting of Shareholders resolved to grant approval for the Company to proceed with the following material matters:
  • Not exceeding 198,544,180 units of the warrants to purchase the Company’s ordinary shares series 1 (“CHASE-W1”) were issued and offered to the existing shareholders by way of right offering, at the ratio of 10 existing ordinary shares to 1 unit of the warrant, free of charge, and 1 unit of the warrant may be exercised to purchase 1 ordinary share at the price of Baht 0.50 per share.
  • The registered capital was increased by Baht 99,272,090 from the existing registered capital of Baht 992,720,900 to be Baht 1,091,992,990, by issuing 198,544,180 newly issued ordinary shares with a par value of Baht 0.50 per share to accommodate the exercise of CHASE-W1.
  • Not exceeding 198,544,180 newly issued ordinary shares with a par value of Baht 0.50 per share were allocated to accommodate the exercise of CHASE-W1.
  • The head office address was changed from 8/9-10 Soi Vibhavadi Rangsit 44 (Soi Mongkolnivej), Vibhavadi Rangsit Road, Ladyao, Chatuchak, Bangkok 10900 to 34/6 Chaengwattana Road, Khlong Kluea, Pak Kret, Nonthaburi 11120.
• The Company registered the capital increase and the change of the head office address with the Ministry of Commerce on May 2, 2024.
• On June 6, 2024, the Company issued and allocated all 198,370,757 units of CHASE-W1 to the existing shareholders, which started trading on the SET on June 21, 2024.
• RS LiveWell Co., Ltd. transferred all shares in the Company to RS Mall Co., Ltd. in accordance with the restructuring plan of RS Public Company Limited, thereby causing RS Mall Co., Ltd. to become the sole major shareholder, holding 20.35 percent of shares in the Company.
• According to the (first) schedule for exercise of CHASE-W1 on December 30, 2024, the holders of the warrant exercised 841,000 units, and the Company registered such change in the its paid-up capital by an increase of Baht 993,141,850, divided into 1,986,283,700 ordinary shares, which started trading on the SET on January 10, 2025.
• The Company received a 5-medal or “Excellent” scoring with full 100 scores for the Annual General Meeting Quality Assessment (AGM Checklist) in 2024 from the Thai Investors Association.
• The Company was awarded a 5-star or “Excellent” (90 scores and above) CGR 2024, with 108 scores, from the Thai Institute of Directors (IOD), and also ranked in the Top Quartile of listed companies in the Financial Industry based on the average value of Market Capitalization.
• The Company received the “A” level of the SET ESG Rating for 2024, which was the first year of the Company’s participation in the program.