YGG-CHAYO-ZIGA joins forces to attack AI, develop platforms and expand new products | RYT9

Mr. Thanat Juvivat, Chairman of the Executive Committee Yggdrasil Group Public Company Limited (YGG) revealed that the company has entered into a cooperation agreement (MOU) with Chayo Group Public Company Limited (CHAYO) and Zika Innovation Public Company Limited (ZIGA). All 3 companies will bring their knowledge. along with the strengths of each side to come together to develop and support the business to create collaboration (SYNERGY) and is the greatest benefit of expanding the business to achieve the objectives of each party. The MOU has a binding period of 3 years from the date of signing.

For the purpose of this cooperation To increase the opportunity to expand and create new customer databases with each other Supports transactions or businesses that arise from cooperation. or doing more financial and other businesses from analyzing customer base data by using AI technology, as well as creating new platforms to develop and expand business together, including developing appropriate products for customers.

Mr. Thanat further said that YGG will bring knowledge to further develop the Platform and AI due to its expertise. Digital content, games, animated movies computer graphics Including a customer database from the game. This is considered to be YGG’s strength, while CHAYO is a professional in debt management and has information and a customer base. which from cooperation will be able to develop products New form of credit To provide services and meet customer needs, and ZIGA is a producer of innovative steel products. that drives the organization by using technology systems To increase efficiency in order to become an innovative organization will help fulfill cooperation in promoting innovation, new product formats, including Block chain.

As for the income from such cooperation, part of it will come into the service business and product business. The service business continues to grow and the product business will grow exponentially from connecting YGG’s products with other partners. Any other

while medium-long term cooperation Consider that the business group Entertainment It is a business group that requires a lot of money. But there are various restrictions on applying for a loan from a financial institution. If loans are given out to operate a business or provide access to more capital sources. It is believed that this business group will be able to generate more income into the country.

*CHAYO expects to support revenue growth of at least 10-20%.

Mr. Suksan Yasasin, Chief Executive Officer of CHAYO, said that the collaboration with 3 business leaders between CHAYO, YGG and ZIGA will bring their strengths. Expand business opportunities together The CHAYO group of companies is strong in the asset management (AMC) business, both collateralized and uncollateralized. At the end of 2023, the total debt management portfolio exceeded 100,000 million baht, as well as providing negotiation, tracking, and debt collection services. Providing customer information center services to Employer via telephone system and provide labor consulting services The flagship company in the financial business, Chayo Capital Public Company Limited (CCAP), has received a license to operate 3 types of loan businesses: Nano Finance, Pico Finance, and Personal Loans. Currently operating a lending business Both secured and unsecured types, including employee welfare loans. and provide salary advance services

CCAP is in the process of offering 125 million common shares to the general public for the first time (IPO), expected to enter the IPO during the 3rd quarter of 2024 – 4th quarter of 2024, with the full range of the group of companies. Makes us see business opportunities Through technology-driven and the advancement of artificial intelligence or AI, especially giving importance to data such as Big Data for use in database analysis in the system. Therefore, we are confident that this cooperation will support the group of companies to be able to provide services and deliver financial experiences. Suitable for our customers beyond their expectations. and expand the portfolio to grow steadily Under tight risk

Mr. Kitti Tangsriwong, Deputy Chief Executive Officer of CHAYO, revealed that the cooperation is expected to create revenue growth for CHAYO at least 10-20%, while in the medium term, further studies must be done to consider whether it can be further promoted. How can we conduct business with each other? Meanwhile, overall in 2024, the target is for total income to grow at least 20% from the overall picture of bad debts that are expected to continue entering the market. and has set an investment budget for purchasing additional debt of approximately 1,000 million baht, which is expected to purchase additional bad debt of 10,000 – 15,000 million baht

*ZIGA expects to double its customer support and expand Bitcoin

Mr. Suphakit Ngamjitcharoen, Chief Executive Officer of ZIGA, said that this cooperation will help expand the business of the ZIGA group to have strength and sustainable growth, answering the needs of more customer service. Currently, the company has a B2C customer base of approximately 50,000. Having a partner this time will increase the customer base to hundreds of thousands. This is because customers can decide to use ZIGA’s services more easily in terms of granting loans through the CHAYO application, which is one of the partners. And as for the YGG group, they will come in to provide support in the matter of AI in order to expand the Bitcoin that the company already has. which is in line with the concept “ZIGA is not just steel”

“Such cooperation will be one option for customers. Because the steel business was originally a cash business. Customers can apply for a loan through CHAYO and use the credit line to purchase products with ZIGA. This is a short-term plan that will generate funds immediately. It is expected that clarity will be seen slowly by the end of this year.”

While future plans may consider creating a new platform together, from the present where different companies have their own platforms. However, the 3-year plan is being studied and considered in order to expand the business and support all partners.