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Million Baht .......................................................................... Name and address R.S. Promotion Public Company Limited Registration No. : 40854600001 Address : 419/1 Chetchotisak Building Ladphrao 15, Ladyao, Jatujark, Bangkok 10900 Tel. : 0-2511-0555 Fax. : 0-2511-2324 E-mail : [email protected] Website : www.rs-promotion.com Type of business Fully integrated entertainment business Registered capital Authorized share capital 140,000,000 and 5,600,000 ordinary shares in 2003 and 2002 respectively, Baht 5 and 100 par value respectively Total Baht 700,000,000 Issued and paid-up capital 140,000,000 and 5,600,000 ordinary shares in 2003 and 2002 respectively Total Baht 700,000,000 Other reference persons Share registrar : Thailand Securities Depository Co.,Ltd. Address : 62 The Stock Exchange of Thailand Building, 4, 6-7th Floor, Rachadapisek Road, Klongtoey, Bangkok 10110 Tel. : 0-2359-1200-1 Fax. : 0-2359-1259 Auditor KPMG Phoomchai Audit Limited By 1. Mr. Supot Singhasaneh Auditor License No. 2826 or 2. Ms. Somboon Supasiripinyo Auditor License No. 3731 Address : 21st & 22nd Fl., Empire Tower 195 South Sathorn Rd, Yannawa, Sathorn, Bangkok 10120 Tel. : 0-2677-2000 Fax. : 0-2677-2222 Special legal counselor MINTER ELLISON (THAILAND) LTD Address : No.900 Tonson Tower Building, 17th Floor, Zone A, Ploenchit Road, Lumpini, Pathumwan, Bangkok Tel. : 0-2689-3333 Fax. : 0-2689-3300 ..................................................... ................................................. Rose Sound, R.S.Group's first music business, was established by Khun Kriangkrai Chotchetsak in 1976. A new company was registered in 1992 as R.S. Promotion (1992) Co., which was later to become R.S.Promotion (Public Company) Limited. Since May 2003, the company has been listed on the Stock Exchange of Thailand. From the outset, Kriangkrai Chotchetsak instituted a method of working based on integrity. In its early years, R.S. Group was simply a music company with a production team and a tape cassette factory that also acted as producer for other music companies. In marketing, though, R.S. had few rivals thanks to its long experience in the music business and its good relationship with distributors. This helped the Group to distribute its music products to consumers throughout Thailand. Originally, only Thai traditional and country songs were the main stock of Thailand's music business. RS was the first company to introduce modern pop music to the industry, and its bands at the time included Kereeboon, Rainbow, Ruam Dao Artists and Noppakao. They boosted not only the revenue but also the reputation of RS. Pop fans knew them well; they helped to build the market for pop music and led the way for new artists to follow them. With the vision and leadership of the brothers Kriengkrai and Surachai Chetchotisak, RS saw new opportunities for expansion. The company extended its interests into the entertainment industry with TV programmes and drama series, radio advertising and management, and film productions that returned a notable increase in its revenue. 004 R.S. Promotion Public Company Limited ................................................... 1976 Mr Kriangkrai Chetchotisak entered the music business by forming Rose Sound Company. 1992 Chetchotisak Family registered a new company, R.S.Promotion 1992 Co., Ltd and announced the company's new positioning as an integrated entertainment company rather than a music company. It entered other branches of the entertainment industry, namely radio and television, and established the R.S. Star Club, the first music business fan club in Thailand. 1995 The company moved decisively into the movie business with "Lok Tang Bai Hai Nai Kon Diew" (Romantic Blue), a great success in terms of the profits it attracted and the critical awards it received. 1997 "Shock Game", the talk-of-the-town game show, was the company's initial entry in the television business. 1999 The company formed Sky-High Network as its offical entry into the radio business. At that time, it had two radio stations, 88.5 Z POP We Like, targeted on the Z generation; and 98 Cool FM, an easy listening station. 2002 Significant business re-structuring and re-organizing culminated in RS being elevated to a Public Limited Company. 2003 The company was listed on the Stock Exchange of Thailand in the Entertainment and Recreation category. 2003 Listed on the Stock Exchange 1999 of Thailand Establishes "Sky High Network" 1997 to enter radio business 1995 Enters television business with "Shock Game" Enters movie business with 1992 " Lok Tang Bai Hai Nai Kon Diew" (Romantic Blue) R.S. Promotion 1992 Co.,Ltd forms R.S Star Club 1976 Rose Sound established 005 R.S. Promotion Public Company Limited .................. "Quality enterprise creates quality entertainment for quality society" is the business philosophy of RS . It reflects the company resolve to combine art with entertainment and bring happiness to everyone; and its determination to make the organization an expert in the integrated entertainment industry, with emphasis on supporting activities that will benefit society. Since it was first formed, the company has always adhered to this philosophy, and it has led to continuous and stable business expansion. When it switched its policy to the international system with the decision to be listed its on the Stock Exchange, RS continued to formulate plans focussing on producing quality entertainment creating the highest income and profit, and adding value to the business. .................. Today, RS business consist of three main segments: 1. Music; 2. Media, incorporating television, radio and publishing; and 3. Motion Pictures and production house Other continuing business activites support RS Group's business, such as studio and film-making equipment hire, concert and marketing organizing services, and design and commercial production for the media. 006 R.S. Promotion Public Company Limited R.S. PROMOTION PUBLIC COMPANY LIMITED Motion Picture Music Media & Production Support 007 RS Film & Distribution Co., Ltd R.S. Studio Co., Ltd Television Radio Publishling [5 Million Bath] [10 Million Bath] R.S. PromotionPublic CompanyLimited Avant Co., Ltd. Magic Advertainment K. Master Co., Ltd. Sky-High Network Poema Co., Ltd. [10 Million Bath] Bangkok Organizer [82 Million Bath] Co., Ltd. Co., Ltd. Co., Ltd [47 Million Bath] [100 Million Bath] [10 Million Bath] [3 Million Bath] Filmsurf Co., Ltd. Ruk Saing Co., Ltd. [10 Million Bath] [1 Million Bath] Shadow Entertainment Screen Head Co., Ltd. Co., Ltd. R.S. Television Co., Ltd. [2.80 Million Bath] Red Sailor Co., Ltd. [37 Million Bath] [3 Million Bath] [1 Million Bath] Red Drama Co., Ltd. Rock Skin Co., Ltd. [10 Million Bath] [1 Million Bath] P.O.V. R Siam Co., Ltd. [point of view] Co., Ltd [1 Million Bath] [3 Million Bath] Thai Copyright Aladdin House Co., Ltd. Collection Co., Ltd. [5 Million Bath] [10 Million Bath] Nagasia Co., Ltd. [10 Million Bath] Tai-Saduak Co., Ltd [5 Million Bath] * Temporarily suspended. ......................................................................................... Dear Shareholders, In 2003, RS Promotion Public Limited Company passed an important milestone in its progress by improving the work process in every one of its business segments. In the past, we had sometimes encountered difficulties in the way we worked and in decision making. Now, through its efficient preparation and teamwork, RS can rightly claim to be an integrated entertainment provider dedicated to consumers’ satisfaction. RS performance for the fiscal year 2003 earned a total revenue of 1,961.27 million baht, an increase of 61% over the previous year. Net profits reached 107.81 million baht, representing a year-on-year increase of 81%. This increase in net profit -- almost double that of the last year -- derived from the growth in all major businesses. The music segment released 78 new albums and 181 compilation albums, demonstrating how effectively the Music Library, the company’s major asset, is being used. The television segment created programmes which all did well. Notable among them were the 15 drama series, a main source of revenue, which were aired in 2003. In radio, we received the concession to present new programmes on FM 93 MHz in mid-2003. After evaluation, we decided against renewing the FM 98 MHz contract when it expired at the end of 2003, as it did not yield an acceptable level of profit. Our latest business venture is in the print medium, and in February we launched a new women’s magazine, FRONT. We are pleased to say that it has received a good response from both readers and advertising buyers. In 2003, RS launched seven movies, one of which,Pan-Rock-Nah-Yon proved a hit at the box office and brought in 50 million baht. The copyright collection business managed by TCC has been acknowledged by the industry as the most efficient in its field. This company manages the copyright of 30,000 songs for RS, as well as for a number of songwriters. In the Mobile Entertainment segment, the MobiClub brand was launched and successfully built customer recognition, especially in the first six months after its launch in June 2003. RS aims to be an integrated entertainment provider serving the needs of consumers, and at the same time adding value to its business. To achieve its goals the company must give special consideration to all those parties with whom it is concerned: shareholders, employees, clients and business partners. RS has identified effective actions to improve the efficiency of its marketing and public relations, such as forming the music production team into an independent music company, combining media segments, and restructuring its movie business operations. At RS, we firmly believe that our sustainable profit derives from the quality of our products and from our competitive advantages. Our commitment is to build on the skills that are the foundation of our business so that we shall continue to see our strength, success and reputation grow. Thus we are committed to operating the businesses that we have skilled for which help boost our capability.
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