The year 2024 marked another period in which the entertainment and commerce businesses had to adapt quickly to the fast-changing behavior of consumers. One of the key trends that significantly impacted our industry was the rise of social commerce and digital platforms, which have become vital drivers of consumer behavior in purchasing goods and services. In addition, the shift toward experience-driven consumption has opened new opportunities for the entertainment sector, particularly in content and activities that better align with consumers’ lifestyles.
In response to these trends, the Company has adjusted its strategy to stay aligned with the changes, while staying committed to our core mission of “Life Enriching,” focusing on improving people’s quality of life in all dimensions through our diverse business portfolio and continuously seeking new opportunities in every aspect.
One of the Company’s key achievements was the acquisition of Erb Asia Co., Ltd., a premium Thai brand specializing in fragrances and skincare. This acquisition strengthened our Health & Wellness business and expanded our customer base within the growing Wellness & Spa segment, driven by rising demand from health-conscious consumers seeking relaxation and self-care.
The Company also launched a “Content to Commerce” model, utilizing popular artists and content to add value to products, including food and cosmetics, while expanding our online presence through leading platforms. Additionally, we expanded our pet business, Hato Pet Wellness, to offer comprehensive animal hospital services that cater to the needs of modern pet owners.
the Company developed experiences tailored to the new generation’s lifestyle—not limited to concerts, but expanding into music festivals and on-ground experiences, such as Flow Day Pattaya Water Festival 2024, Pride Nation Samui International Festival, and HzWhale Music Festival. Moreover, the Company enhanced its variety content including “Pak Thong Tong Roo,” “Kon Dang Nang Clear,” and Channel 8 News, which saw a viewership increase of over 40% on YouTube compared to the previous year— resulting in more diversified revenue streams. The Company also created niche content, such as LGBTQ-focused programs, reflecting our position as a leading all-in-one entertainment platform in Thailand.
The Company continues to grow alongside society with a strong commitment to sustainability across social, economic, and environmental aspects. Our key initiatives include
- ● RS Have A Seat, a project that offers access to RS entertainment events for youth and underprivileged groups, aiming to inspire and bring joy to participants
- ● RS Young Blood, a program supporting youth development through learning experiences across RS Group businesses, helping them build skills and prepare for their future careers
- ● RS Net Zero, a commitment to reducing greenhouse gas emissions through initiatives like low-carbon events, such as ecofriendly music festivals that focus on waste reduction and minimizing environmental impact, while promoting sustainability in the entertainment industry.
RS Group’s efforts in sustainability have been recognized once again, with the Company being listed in the Thailand Sustainability Investment (THSI) for the third consecutive year—highlighting our dedication to responsible business practices for the benefit of society and the environment.
On behalf of the Board of Directors and management team, we would like to thank our shareholders, investors, business partners, customers, government agencies, and all stakeholders for their continued support. We also extend our gratitude to the Company’s executives and employees for their dedication and teamwork in helping RS overcome challenges with resilience. The Company remains committed to good corporate governance, aiming to deliver long-term value for shareholders and all stakeholders, while continuing to grow sustainably.
Mr. Surachai Chetchotisak
Chairman and Chief Executive Officer
