In 2018, we have unlocked all the limitations on business expansion given that we have already entered into stock market which in turn resolving our restraints, even we used to have limitations on the capital acquisition in the past. We have planned to expand the funds in both secured and unsecured non-performing loans, which we expect that we will achieve a leap growth in 2018.

Assitant Professor Wutisak Lapcharoensap
Chairman of the Board

Mr. Suksan Yasasin
Chief Executive Officer

Dear Shareholders,

Year 2017

2017 is the start of the company's journey in becoming a new member of Stock Exchange of Thailand. We prepared to enter Stock Exchange since 2014, starting by appointing Price waterhouse Coopers ABAS Co., Ltd as company's auditor. Consultant was hired to lay down the control system. Internal audit was engaged to evaluate internal control system, as well as on company's capital increase and restructuring of shareholding during late of 2015. Further, new management team was hired to reinforce the company's strength in 2016. Later, on 19th September 2017, the company filed form 69-1to the Securities and Exchange Commission (SEC). Being approved by SEC, the company has been registered as listed company in Stock Exchange of Thailand in February 2018, firstly traded in M arch 2018.

Apart from being the starting year of our journey, 2017 was also our challenging year. The challenges are varied in many aspects such as to achieve goal of receivables collections during the economic recovery period, capital raising to support the business expansion, and even on more investment in secured non-performing loans. From 20-year experiences in debt collection service, we have achieved and generated total revenue of more than 205 million baht in 2017. Together with our success during previous years, financial institutions provided more funds and loans supporting our business expansion. As a result, we could expand our investment in the secured non-performing loans in a great extent in 2017. By end of 2017, the company had operated secured and unsecured non-performing loans, which was worth around 29,136 million baht.

Year 2018

In 2018, we have unlocked all the limitations on business expansion given that we have already entered into stock market which in turn resolving our restraints, even we used to have limitations on the capital acquisition in the past. We have planned to expand the funds in both secured and unsecured non-performing loans, which we expect that we will achieve a leap growth in 2018.

For this opportunity, Chayo would like to thank our shareholders, customers, partners, business partners, directors, management team, and all staff, who have supported strong fundamental growth of the business. We aim to be parts of society to drive the economic growth, to reduce numbers of non-performing loans, to provide creditability back to customer sand not relying on the loan shark, and to stand with the country to build strong economy and society.