Sunny,
My Progress drill has a similar chuck release to this one of yours with a knurled ring above the chuck to push the chuck off a Jacobs taper. I don't have the slot on mine
It will help you to get a slim wire brush into the space below the ring and scrub out the accumulated debris in the thread , it is quite fine from memory. Then get the ring mobile on the thread using easing oil or WD40. It could well be stiff but work it about until it runs more freely on the thread.
Once you have done that get some heat on the chuck, hot air gun will do but a flame would be quicker and with the drill shaft locked against rotation [screwdriver or bar through the slot] use a pair of good grips on the knurled ring to provide some force behind the chuck to break the taper grip. Tapping on the back of the chuck from several directions with a nylon hammer may help too
Be ready to catch the chuck in a padded box as it drops off. Persevere, it WILL come off!
Regards
Brian
Sorry, repeated posting
Edited By Brian Wood on 22/03/2018 09:38:47