One Cool Group and ChillGOOD Company Limited announced the formation of their joint venture, One Cool ChillGOOD Limited, specializing in artist management and record production. The dynamic and innovative company was established in 2022 with the goal of providing a platform for up-and-coming artists to showcase their talents and reach their full potential.

In 2020, CY Chan participated in the large-scale talent show "King Maker III" on television and became one of the top ten contestants. His solid singing skills and confident stage presence were widely recognized. In 2022, he joined One Cool ChillGOOD and officially debuted as the label's first artist.