“NVD places a strong emphasis on sustainable development. We are committed to playing our part in enhancing both social and environmental well-being.”

The economic landscape remains fragile, particularly evident in the escalating competition within the real estate sector. This heightened competition is compounded by challenges stemming from the soaring prices of construction materials and a shortage of skilled labor. In light of these circumstances, businesses must continually adapt and proactively prepare for rapid changes to navigate through these challenging times successfully.

NVD maintains a forward-looking business approach, underpinned by a commitment to adaptability and sustainable development. Our strategic focus revolves around maximizing the value of our assets efficiently. In 2023, we initiated 5 projects totaling 13.7 billion, strategically located in thriving economic hubs. Looking ahead to 2024, our trajectory emphasizes steady yet robust growth, aligning our expansion with market dynamics to mitigate risks and streamline costs effectively.

This year, we plan to launch 5 projects valued at approximately 8.8 billion, consolidating our position in key markets. Additionally, mid-2024 marks the official unveiling of our flagship ultra-luxury residential endeavor, the "Nirvana COLLECTION," valued at over 5.5 billion, alongside "Nirvana Porch," a vibrant lifestyle community. These ventures are integral components of the Nirvana Township Development, an expansive project spanning approximately 280 rai in the Krungthep Kreetha area, poised to redefine urban living standards.

In addition to pursuing economic success, NVD places a strong emphasis on sustainable development. We are committed to playing our part in enhancing both social and environmental well-being. Our aim is to contribute towards addressing the pressing issue of global warming by actively working to reduce carbon emissions and promote the use of renewable energy sources. Collaborating with esteemed consultants like Baker McKenzie, we are implementing processes to minimize our carbon footprint and increase the incorporation of recycled energy. Moreover, we are dedicated to creating more green spaces within our projects. By aligning our business practices with the Global Goals, we strive to protect and preserve our planet for future generations.

In my capacity as Chairman of both the Executive and Corporate Governance and Sustainable Development Committees, I extend heartfelt appreciation to our esteemed management team, executive members, dedicated employees, and valued stakeholders for their steadfast support. I wish to affirm NVD's unwavering dedication to fostering sustainable business practices and actively participating in the betterment of our social and environmental fabric.

Mr. Chatchai Piyasombatkul

Chairman of the Executive Committee