“NVD launches "Nirvana Living Revolution" with new township development, while maintaining strong partnerships and environmental commitment.”

In the face of a fragile economy and increasingly intense competition in the real estate development sector, businesses are required to constantly refine their strategies, plans, and operations to withstand and overcome these challenging circumstances.

At NVD, we continue to pursue a dynamic and adaptive operational strategy, ensuring readiness for all circumstances. We remain focused on developing a sustainable business model while optimizing the value of our existing assets with maximum efficiency. Our strategic approach emphasizes robust growth, aligning our business expansion with market trends, and enhancing cost management to drive greater efficiency and long-term success.

In 2024, the Company takes a significant step forward in redefining real estate development through the "Nirvana Living Revolution" concept. This includes the expansion of township development in the Krungthep Kreetha area, along with the launch of Nirvana PORCH, a central community hub in this area, will significantly enhance convenience and asset value for our customers.

We are primarily focused on developing real estate for sale, leveraging our competitive advantage through prime locations, major roads, and unique product designs that align with the preferences of our target customers. Furthermore, we collaborate with our strategic partners to strengthen our business advantages. For example, in sourcing materials and equipment, we leverage the extensive network of the Piyasombatkul Group and its subsidiaries to ensure both quality and cost efiiciency. Our partnerships with financial and banking institutions allow us to secure funding and maintain competitive financial costs, enabling us to compete effectively with major players in the industry.

NVD is dedicated to creating a sustainable business while also upholding social and environmental responsibility. We prioritize minimizing the environmental impact of our operations. To achieve this goal, we have partnered with Baker McKenzie to develop strategies for reducing greenhouse gas emissions and carbon footprints. Additionally, we actively promote the use of clean energy such as solar power and expanding green spaces to create a more sustainable environment. We firmly believe these initiatives will help mitigate the impact of climate change and contribute to addressing global warming.

As the leader of the organization, I would like to express my sincere gratitude to everyone for their continuous support of NVD. I assure you that NVD will remain committed to developing our business for sustainable growth and will actively contribute to the development of society and the environment to the best of our capabilities.

Mr. Chatchai Piyasombatkul

Chairman of the Executive Committee
Chairman of the Corporate Governance and Sustainable Development Committee