Company Milestones

Between February 8–1 0, 2023, the Company issued and offered ordinary shares to the public for the first time (Initial Public Offering) in the amount of 157.50 million shares at a par value of 0.50 baht per share.
The Company has registered paid-up capital at the Ministry of Commerce in the amount of 225.00 million baht.
February 17, 2023, is the first trading day on the secondary market of the Stock Exchange of Thailand using the symbol "BVG".

On June 23, 2022, the Extraordinary General Meeting of Shareholders No. 1/2022 resolved to approve the Company proceeds as follows:
- Converted into a public company and proceeded to change the name of the Company by using the name "BlueVenture Group Public Company Limited" written in English "BLUEVENTURE GROUP PUBLIC COMPANY LIMITED". It was registered as a public company limited on July 1, 2022, to prepare for listing on the Stock Exchange of Thailand.
- Change the par value of the ordinary shares from 5.00 baht per share to 0.50 baht per share.
- Increased the Company's registered capital to 225.00 million baht, consisting of 450.00 million ordinary shares at a par value of 0.50 baht per share.
- Approved the issuance and offering of ordinary shares to the public for the first time (Initial Public Offering) in the amount of 157.50 million shares at a par value of 0.50 baht per share.
- Approved the listing of ordinary shares of listed companies on the “MAI” (Market for Alternative Investment)

BVG has started an AI Review service, an algorithm used to process considerations in the repair and motor insurance claims approval process which works with the e-Claim system. The AI Review will assess the damage from photos and quotations from the garage and advise the insurance company staff whether to approve the replacement or repair based on the actual damage assessed, the AI Review system will reduce repair approval time and control costs to the insurance company.
On July 9, 2021, the companies’ groups completed the shareholding restructuring of the group by accepting the transfer of other subsidiaries from THRE consisting of BVTPA, and BVA and acquiring BVTECH from BVTPA. The Company has restructured its shareholding in the group to clarify the business division of the companies in the group to achieve flexibility in management and to achieve maximum efficiency and to prepare for the listing of BVG in the Stock Exchange of Thailand.
- On July 8, 2021, BVG acquired 375,000 ordinary shares of BVTECH at a par value of 100 baht per share, totalling 37.5 million baht from BVTPA, a company with the same parent company as the Company. BVTPA presents the value of an investment in the ordinary shares of BVTECH by the cost method, which has a book value at the date of a share purchase of 1.0 million baht. The purchase of such shares is under the same control. The Company presents its investment in the ordinary shares of BVTECH at the original book value that BVTPA had previously recorded. As a result, the Company has to record a difference of 36.5 million baht in the item “Premium (lower) on capital from business combination under common control” in the shareholders' equity in the Company's separate financial statements.
- On July 9, 2021, the Company transferred 30,000,000 newly issued ordinary shares of the Company with a par value of 5.0 baht per share, totalling 150.0 million baht to THRE in exchange for 10,000,000 ordinary shares of BVTPA with a par value of 10.0 baht per share, totalling 100.0 million baht and all ordinary sharesof BVA in the amount of 500,000 shares with a par value of 100 baht per share, totalling 50.0 million baht, THRE presents the value of an investment in the ordinary shares of BVTPA and BVA according to the cost method, which has the book value on the exchange date in the amount of 1 0 0 .0 million baht and 40.0 million baht, respectively. The stock exchanges are regarded as a reorganisation under the same control. Therefore, the Company presents its investment in the ordinary shares of BVTPA and BVA at the original book values of both companies that THRE previously recorded in the separate financial statements. As a result, the Company has to record a difference of 10.0 million baht between the par value of the newly issued ordinary shares of 150.0 million baht and the original book value of the acquired ordinary shares totalling 140.0 million baht in the “Premium (lower) on capital from a business combination under common control” in the shareholders' equity in the Company's separate financial statements.
  
  (Please see additional details in section 1.3.1 shareholding structure of the Company group, under the topic of the Company's restructuring)

The Company has agreed to hire one of the leading unicorn startups in the development of artificial intelligence (AI) technology to develop and apply AI to develop considerations in the process of repair approval and motor insurance claim approval (AI Review) and repair cost estimation (AI estimate). This helps to raise the standard of repair approval decisions or repair cost estimations rapidly, with the AI Review and AI Estimate systems being added to the Company's existing EMCS system to increase the efficiency of the system even more.

In August and November, THRE acquired ordinary shares of BVG from the existing shareholders, namely (1) THREL in the proportion of 20.00%. (2) The Bangkok Insurance Public Company Limited in the proportion of 19.33% (3) Mr. Thongchai Panumaporn in the proportion of 11.00% and (4) Mrs. Nawarat Wongthitirat in the proportion of0.67%. As a result, THRE holds 100.00% of BVG's registered and paid-up capital.

The Company has expanded the scope of platform services to cover the entire process of providing insurance claims management services, starting from accident notification, repair work approval and closing the case of motor insurance claims management through the motor claim management system (e-Claim). Car accident survey management platform system (M-Survey) and CarMate mobile application that can check repair status and approve car claims, including other services related to the use of cars in everyday life.

The Company has developed and started to provide a service management platform within the garage for cash type customer (e-Garage) to provide services to the garage customers which helps the garage in managing the repair work within the garage manages motor insurance claims and supports repair work in case of garage customers who do not have motor insurance.

The Company has expanded the service of a car claim management platform system. (e-Claim) to customers in the group of car service centers

The Company started providing a parts procurement platform (e-Part) for the first time, which is a system for auto parts stores to receive orders and report delivery status.

For the first time, the Company has begun providing a car claim management platform (e-Claim), which is a system for auto repair shops and insurance companies to propose and approve repair prices.

The Company was registered and established on November 22, 2000, with a registered capital of 20.00 million baht and paid-up capital of 10.00 million baht divided into 4,000,000 ordinary shares with a par value of 5.00 baht per share, of which (1) Thai Reinsurance Public Company Limited ("THRE") holds 25.00% of the shares. (2) Thaire Life Assurance Public Company Limited ("THREL") holds 20.00% of shares (3) Pac Total Solutions Sdn. Bhd. holds 45.00% of the shares and (4) Mr. Thongchai Panumaporn holds 10.00% of the shares to operate a business providing a full-service motor claim management system.

Registered Capital

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Paid-up Capital

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Number of Shares

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Par Value

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