In January, The Company was further that the two groups of major shareholders have concluded that Mrs. Wattana Somwattana and Mr. Sornsak Somwattana would purchase 711,855,320 shares of the Company, equivalent to 51.56% of the total issued and paid-up shares in the Company from Singha Estate at 2.52 Baht per share, totaling 1,793,875,406.40 Baht (The “Transaction”). The Transaction was completed today and resulted into the significant change in the major shareholder of the Company as follows.

In June, the Company exclusive launched the Nirvana Beyond Bangna-Att U Park project, a 3-storey detached house, starting price range THB 25-50 million, 35 units, and total project value 1,000 million baht, and which is a Turnkey Solution project is jointly developed with landlord who developed the community mall, Att-U Parks projects. The exclusive sale launch event on 21-22 June, and quite good response from the customer.

In November, the company received a letter from major shareholders, Singha Estate Plc. (“S”) and Somwattana Group, about the upcoming change in structure and trading of shares between major shareholders. Which the Somwattana Group will acquire 711,855,320 shares or 51.56% of the total issued shares of the Company from Singha Estate ("S") at 2.52 per share.

In March, the Company launched a Nirvana Beyond Rama 9-Krungthep Kreetha project which is a joint venture project with Daiwa House Industry Group (DH), the number 1 prefabricated home builder in Japan, in which NVD and DH (through its subsidiary “DH Asia Investment Orchid Pte. Ltd.”) have a shareholding in a joint venture company established in 2018, “Nirvana Daiwa Development (NDD)”, in a proportion of 49 percent equally. While the remaining 2 percent is held by independent investors. In this regard, the project consists of modern 3-storey single homes in a total of 85 units, starting at THB 25 million.

Another joint venture project with the Company’s partner is Nirvana BEYOND Udon Thani, the Company’s first provincial turnkey solution project launched this year. The turnkey solution is a collaboration between landowners and NVD in combining strengths of the Company’s products with landowners nationwide in order to develop projects which will help promote Nirvana brand to be widely known and well regarded. In addition, the Company can generate income from the home building business to be more consistent in the future. Moreover, NVD does not have to purchase land by itself, but being able to provide a full range of real estate development service. Nirvana BEYOND Udon Thani started launching in late March by opening 2 styles of model houses, namely Space and Mind, which are well received by customers. A full launch of all 3 styles of model houses shall be in the second quarter.

In August, the Company launched a grand opening of the Banyan Tree Residences Riverside Bangkok project, a Chao Phraya Riverside Ultra-Luxury condominium project of the Company, with a total project value of more than THB 6,000 million. The project is a 45-storey building with a total of 133 units located nearby a large shopping center and BTS Gold Line. The project has received 2 awards at the Asia Pacific Property Awards 2019-2020 in the categories of Residential High-rise Architecture Thailand and Residential High-rise Development Thailand. The awards are a guarantee of its outstanding design and architecture. Currently, there are over 50% sales and the ownership of condominium units has already been transferred to customers.

In February, the Company launched a grand opening of the Banyan Tree Residences Riverside Bangkok, which received good feedback from customers on 24 February 2018.

In March, the Company rolled out a soft launch of Nirvana DEFINE Srinakarin-Rama 9 project, located in New Srinakarin-Rom Klao Road. The project consists of 173 units of 3-3.5 storey townhomes. It opened for customers’ visit of a model home which received good feedback from customers, resulting in being able to close sales of homes in the first zone within a single day.

In May, as the Company’s securities were listed on the MAI since 23 July 2015 and afterwards the Company submitted a request to the Stock Exchange of Thailand (SET) for an approval of listing NVD’s securities on the SET, the SET considered and had an opinion that NVD was fully qualified according to the SET’s regulations, Bor.Jor./Ror.01-00 Re: Listing of Ordinary Shares or Preferred Shares as Listed Securities, B.E.2558 (2015). Therefore, the SET has resolved to approve NVD’s securities in an amount of 1,380,599,978 shares with a par value of THB 1 per share, totaling of THB 1,380,599,978, to be traded on the SET and categorized into a property and construction industry, property development sector, by using the existing trading symbol, “NVD”, since 24 May 2018 onwards.

In the same month, The Company increased its registered capital from THB 1,380,599,978 to THB 1,681,719,973 in order to support a conversion of ESOP and NVD-W1.

In June, the Company issued and offered additional debentures in an amount of THB 1,200 million, which can be divided into Name-Registered, Unsubordinated and Secured debentures of THB 1,000 million with 2-year tenor and Name-Registered, Unsubordinated and Unsecured debentures of THB 200 million with 1-year tenor. An objective of debenture issuance is to be used as working capital for operation, business expansion, investment and/or repayments of loans from financial institutions, as well as repayments of the Company’s loans.

And in the same month, the Company sold its entire investments in Landy Development Co., Ltd. of 595,600 shares, representing 14.89 percent of the registered capital of Landy. Such investments held by the Company since 2006, prior to the merger with Nirvana Development Co., Ltd. The Company sold the investments to Master & More Co., Ltd. at a price of THB 41.9745 per share or totaling THB 25,000,000. A selling’s objective was to sell investments that the Company has no power in management in accordance with the Company’s investment management plan. While the Company planned to use the proceeds from the sales of the aforementioned investments as working capital of the Company. The shareholding proportion of the Company before the sales of investments was 14.89 percent and after the sales of investments was 0 percent.

In July, the Company increased the number of NVD-W1 in an amount of 276,119,950 units which were issued and allocated to the existing shareholders of the Company in proportion to the shareholding, with 3-year tenor from the issue date of warrants. First exercise date is 31 May 2019 and the last exercise date is 15 July 2021 at the exercise price of THB 8 per share which will begin trading on 24 July 2018.

In August, the Company signed a joint venture agreement with DH Asia Investment Orchid PTE LTD. (a subsidiary of DAIWA HOUSE INDUSTRY CO., LTD.) and Nanakij Warehouse Co., Ltd. on 9 August 2018 ("the Joint Venture Agreement ") in order to establish a joint venture company for a development of single homes ("Joint Venture Company") under a project name of "Nirvana Beyond Krungthep Kreetha" (currently changed the project name to "Nirvana Beyond Rama 9 – Krungthep Kreetha”) on a land area of approximately 27 rais on New Krungthep Kreetha Road (Srinakarin-Romklao Road). A total project value is approximately THB 2,600 million with a total investment capital of approximately THB 1,633 million, which can be divided into land costs of THB 756 million and development costs of THB 877 million.

In January, the Company was successful in an increase of its registered capital of 1,050.6 million shares which came from the shares of Nirvana Development Company Limited of 800 million shares and 2 plots of land (land plots in the area of Rattanathibet and Bang Rak Yai) from Singha Estate Public Company Limited of 250.6 million shares.

In April, according to the resolution of the Annual General Meeting of Shareholders (AGM), the Company changed its name from Daii Group Public Company Limited to Nirvana Daii Public Company Limited. In addition, the Company also changed a symbol of its securities from DAII to NVD. Meanwhile, the Company had a resolution to increase its registered capital of 225 million shares which could be classified into a capital increase via private placement of 200 million shares and via the issuance of warrants to directors and employees of the Company of 25 million shares (ESOP-Warrant-1).

In June, the Company started receiving the entire business transfer from Nirvana Development Company Limited and launched a new project of Nirvana Beyond Rama 2 Phase 2 which was the Company’s new format of 2-storey single home.

In September, the Company started a soft launch of Banyan Tree Residence Riverside Bangkok which is a Chao Phraya riverside condominium project to the existing customers of the Company and associate companies.

In May, the Company opened a showroom of Ginza Home on Pradit Manutham Road as a showroom and sales office for customers to experience the real Ginza home.

In July, the Company launched a showroom of Ginza Home located in Mabkha Sub-district, Muang District, Rayong province to serve customers in the eastern region.

In October, the Company sold ordinary shares of Area Wow Co., Ltd. in which the Company had a shareholding of 50 percent to DCORP Group Co., Ltd. at a price of THB 500,000 in which the book value as at 30 June 2016 was equal to THB 490,117.09.

In October, the Company established Area Wow Co., Ltd. with a shareholding of 50 percent by investing in the joint venture with Agency for Real Estate Affairs Co., Ltd. to develop the website for purchase, sales, and rent of real estate in a full system, allowing the Company to have the online media channel for expanding the business in the future.

In December, the Company sold Qsaf Diamond Co., Ltd. at the book value and invested in the business of semi-precast homebuilding under the name of Ginza Home, operated by Ginza Home Co., Ltd.

In August, the Company invested in the sales office for homebuilding business at Central Plaza, Salaya.

In October, the Company restructured its shareholding structure within the group in which the Company increased its paid-up capital from THB 90 million to THB 100 million and allocated 10 million shares at a par value of THB 1 per share (fair value per share of THB 3.61) for the payment of the shares of 300,000 shares of Qtech Products Co., Ltd. with a par value of THB 10 per share (fair value per share of THB 144.68), which accounted for 30 percent of its paid-up capital of Qtech Products Co., Ltd. from Miss Vadaiiraporn Skulchan, Mr.Supakinh Agwongsa, and Mrs. Piyorot Loughajareonyos which was equivalent to the swap ratio of 100 : 3 (100 shares of Daii Group PLC. to 3 shares of Qtech Products Co., Ltd.). The IFA considered the swap ratio and had an opinion that the transaction was appropriate. After the restructuring of shareholding structure of the Group, the Company has a shareholding of Qtech Products Co., Ltd. of 100 percent of the paid-up capital.

In October, the Company acquired the shares of Atech Enterprise Co., Ltd., f rom Mr. Toonthavee Mongkolsangsuree of 40,000 shares at a price per share of THB 0.01, due to the book value of Atech Enterprise Co., Ltd. was lower than THB 0. According to the restructuring of the Group, the Company had a shareholding of Atech Enterprise Co., Ltd. of 100 percent of the paid-up capital.

In October, the Company increased its registered capital from THB 100 million to THB 130 million and issued newly issued shares of 30 million shares for initial public offering.

Changed the Company’s name to Daii Group Public Company Limited.

In February, the Company increased its paid-up capital from THB 80 million to THB 90 million by allocating to a group of investors of 10 million shares at a par value of THB 1 in which the Company spent proceeds from capital increase for the purchase of production machinery of FENZER, Sandy model, and the purchase of land in order to prepare for an expansion of factory and distribution center.

In December, DCORP Group Co., Ltd. acquired all shares of QSaf Fresh Co., Ltd. which did not operate any business from Daii Group Public Company Limited at a book value and DCORP Group Co., Ltd. planed to close QSaf Fresh Co., Ltd. due to the company did not operate any business.

The Company invested in the sales off ice for homebuilding business at Central Plaza, Bangna.

The Company invested in the sales off ice for homebuilding business at Central Plaza, Rama 3.

Qtech Products Co., Ltd. increased its registered capital to THB 5 million and established 3 subsidiaries: 1) Qsaf Diamond Co., Ltd. to operate a business of semi-precast homebuilding 2) Ginza Home Co., Ltd. to operate a business of prefabricated homebuilding of Ginza home and 3) Qsaf Fresh Co., Ltd. to operate a business of homebuilding. Each subsidiary has a registered capital of THB 1 million.

The Company restructured its shareholding structure between the group of founders, including, Meeprasertskul family, Tansalarak family, and Maneerattanaporn family. As a result, after the restructuring, Tansalarak family, and Maneerattanaporn family have no longer held the Company’s shares.

The Company began to engage in a business of homebuilding through Qtech Products Co., Ltd. under the name of Qsaf Diamond.

Established its subsidiary, Qtech Products Co., Ltd., with a registered capital of THB 1 million as a selling agent of precast structures of the Company in which the Company has a shareholding of 80 percent.

Established its subsidiary, Atech Enterprise Co., Ltd., with a registered capital of THB 1 million as a selling agent of aluminum doors and windows from Japanese manufacturer in which the Company has a shareholding of 80 percent

The Company was registered as a public company limited with the paid-up capital of THB 80 million and the Company’s name was changed to Dai-ichi Corporation PLC.

The Company increased its paid-up capital to THB 56 million to expand its business to the precast fence market after the Company’s products have been received good response from the market.

The Company reduced its paid-up capital to THB 12.50 million to clear retained losses.

The Company reduced its paid-up capital to THB 26.32 million in order to clear retained losses and expand the production line to precast fence in which the Company has researched and developed precast fence in a brand of “FENZER” to introduce to the market as a pioneer.

The Company increased its paid-up capital to THB 32.94 million to increase its working capital in the period of economic crisis in 1997.

The Company increased its paid-up capital to THB 30 million to support the growth of the business in prefabricated beams, pillars.

Daii-ji House Co., Ltd. was established with a registered capital of THB 5 million to engage in businesses of casting prefabricated beams, pillars and sold to general projects. The group of founders were Meeprasertskul family, Tansalarak family, and Maneerattanaporn family.