IFS was incorporated in Thailand on March 21, 1991 in the name of Ayudhya International Factors Co.,Ltd. (“AIF”) with an initial paid up capital of MB 50. It was a joint venture between the Bank of Ayudhya PCL and IFS Capital Limited (“IFS”).

On 31 January 2007, the Bank of Ayudhya PCL sold its shares in AIF to IFS Group and AIF was renamed IFS Capital (Thailand) Limited. On 18 April 2007, IFS was converted to become a Public Company Limited. Currently, IFS has a paid up capital of MB 493.5 and successfully listed on SET since 10 August 2010 with the following shareholding structure

SHAREHOLDING STRUCTURE

IFS Capital Limited

36.49%

IFS Capital Holdings (Thailand) Limited

36.64%

Minority Shareholder

26.87%

CORPORATE STRUCTURE OF IFS GROUP

IFS Group specializes in various types of financial services such as factoring, leasing and hire purchase, credit insurance, bonds and guarantees, structured finance and venture capital

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ABOUT IFS GROUP

IFS Group specializes in various types of financial services such as factoring, leasing and hire purchase, credit insurance, bonds and guarantees, structured finance and venture capital. IFS (Singapore) Group operates its business in several countries i.e. Singapore, Thailand, Malaysia and Indonesia.

IFS Capital Limited (“IFS”) has been incorporated as a holding company in Singapore since 1987 and listed on the SGX in 1993. Details of IFS (Singapore) can be found on www.ifscapital.com.sg.

At present, IFS Capital (Thailand) Pcl. has no subsidiaries.