“NVD remains vigilant in identifying opportunities while directing our efforts towards the optimal management of our high-value assets within the framework of corporate governance principles."

The global capital market and economy have experienced instability, marked by high interest rates, a sluggish decline in inflation rates, persistent conflicts, and political turmoil within nations. It is imperative for businesses to remain vigilant and adaptable to the rapid fluctuations in the economic landscape. While there was a marginal improvement in the economy in 2023 compared to 2022, businesses must proactively design their operations to be resilient in the face of unforeseen challenges. Effective risk management is paramount, ensuring operational efficiency while upholding corporate governance principles aimed at fostering sustainable growth.

At NVD, we prioritize adaptability and readiness to embrace change as integral aspects of our business strategy. Emphasizing rigorous risk management protocols, we diligently prepare to safeguard our operations to the highest standards. During periods of economic instability, NVD remains vigilant in identifying opportunities while directing our efforts towards the optimal management of our high-value assets within the framework of corporate governance principles. Upholding accountability to all stakeholders, we uphold our commitment to responsible business practices.

As a testament to our commitment to best practices, the Company was honored with the following awards in the fiscal year 2023:

• “Excellent” in the Corporate Governance Report of Thai Listed Companies (CGR) for the sixth consecutive year.
• One hundred score for AGM checklist for the sixth consecutive year,
• Listed in “Thailand Sustainability Investment” (THSI) in 2023 for two consecutive years in the Property & Construction Industry Group, and
• Sustainability disclosure recognition

The recognition we have received underscores the concerted efforts of every department within our company, each diligently working towards sustainable growth. As Chairman of the Board, I extend my sincere congratulations to the management and employees of Nirvana for their continuous dedication and adherence to corporate governance standards, which have been instrumental in our achievements

On behalf of the Board, the Executive Committee, and our management team, the Company extends its sincere gratitude to all our employees, business partners, customers, shareholders, and other stakeholders for their unwavering support. I assure you that the Board remains committed to conducting business in a manner that prioritizes the best interests of all stakeholders, adhering to the principles of good governance for optimal results.

Mr. Vichien Jearkjirm

Chairman of the Board