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Nature of Business

NEP's products and services are organized into six core business groups, ranging from upcycled packaging and premium products to asset utilization and real estate investment through a shareholding in an associated company.

01 Fashion Bags 02 Lifestyle 03 Shopping Bags / Fabric Bags 04 WISE Zipper Bags 05 Asset Utilization 06 Real Estate Business
VAVAZ
3
Upcycled & Low-Waste
Product Groups
WISE
1
Innovative Premium
Food-Storage Zipper Bags
Real Estate
8,135rai
Total area of two
Navanakorn Industrial Estates

6 Core Business Groups

NEP operates across a diverse range of businesses — from environmentally conscious products under the VAVAZ and WISE brands to asset management and real estate investment.

01

Fashion Bags

Premium bags with distinctive designs, made from upcycled PIR & PCR materials for environmentally conscious customers.

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02

Lifestyle Products

Premium lifestyle products with modern, practical designs that meet the needs of today's consumers.

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03

Shopping Bags & Fabric Bags

An affordable, durable and reusable product line that responds to the growing shift away from single-use plastic bags.

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04

WISE Food-Storage Zipper Bags

A new premium product with an attractive design and complete functionality, helping to keep food fresh and extend its shelf life.

Learn More
05

Asset Utilization

Maximizing the use of existing factory and warehouse space to generate recurring rental income.

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06

Real Estate Business

Investment in the Navanakorn industrial promotion zones in Pathum Thani and Nakhon Ratchasima through its 12.60% shareholding in Navanakorn Public Company Limited.

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01 — 03
VAVAZ Brand

Product Groups
VAVA Z Upcycle & Lifestyle

Products under the VAVAZ brand span three core groups and are made from upcycled PIR & PCR (Post-Industrial & Post-Consumer Recycled) materials. Surplus plastic sacks and recycled industrial plastics are transformed into new products that are well designed, practical and appealing to environmentally conscious consumers.

Fashion01

Fashion Bags

Premium products with distinctive designs that combine modern style and practicality, tailored to the lifestyles of environmentally conscious fashion customers.

BackpackMessengerToteWaist BagCrossbody
Lifestyle02

Lifestyle Products

A premium product group with modern, practical designs, made from the same upcycled materials as the fashion line and tailored to the lifestyles of today's consumers.

Daily UseTravelPremiumUpcycled
Multipurpose Bags03

Shopping & Fabric Bags

An affordable and durable product group designed for repeated reuse to help reduce plastic waste. Well suited to the mass market and consignment retailers, in line with modern consumer trends.

Eco-FriendlyReusableDurableMass Market

VAVAZ Product Categories

VAVAZ Product Lineup
04 / Premium Products
WISE Zipper Bags

Premium Food-Storage Zipper Bags

A New Generation of Packaging — Stylish, Complete and Practical

A premium product line of food-storage zipper bags, "WISE Zipper Bags" feature an attractive design and complete functionality to suit every lifestyle, helping to preserve freshness and extend the shelf life of a wide variety of foods and products.

The line responds to consumer trends that prioritize hygiene, convenient food storage and longer shelf life.

Preserves FreshnessKeeps food fresh for longer
Gala icon set image/svg+xml Gala icon set https://github.com/sisyphusion/gala-icons Jake Wells
Versatile UseFresh, frozen and ready-to-eat foods
food-grade
HygienicFood-grade standard
Distinctive DesignStylish, modern and easy to use
★ PREMIUM
Applications

Suitable for a Wide Range of Products

🥬
Fresh Food
🍱
Ready-to-Eat Meals
🧊
Frozen Ingredients
📦
General Goods
05Business Line
Asset Utilization

Maximizing the Value of Existing Assets

In the first half of 2024, the Company discontinued the production and distribution of all flexible plastic sack packaging to stem ongoing losses, and restructured its operations toward a Trading Company model.

With its former factory space no longer in use, the Company began seeking tenants for the entire factory and selected buildings. Part of the space has since been leased, and the Company continues to seek qualified tenants to fully utilize the capacity of its factory and warehouse space.

This strategy increases the proportion of recurring income and enhances the efficiency of space management to maximize asset value.

01
Recurring Income Focus
A greater proportion of recurring income from space leasing
02
Full Space Utilization
Filling factory and warehouse space to its full capacity
03
Reduced Business Risk
Diversified income sources, with no reliance on a single manufacturing business
06 / Real Estate Business

Real Estate Business
through Navanakorn

NEP invests in industrial estate and real estate development through its 12.60% shareholding in "Navanakorn Public Company Limited", which operates industrial promotion zones with fully integrated infrastructure and utilities. As of 31 December 2025, the Company was Navanakorn's second-largest shareholder.

Real Estate Investment

Navanakorn Industrial Promotion Zone

? 12.60% Shareholding
Shareholding
12.60%
Shareholding proportion
as of 31 December 2025
Pathum Thani
6,135rai
Main estate area
Khlong Luang, Pathum Thani
Nakhon Ratchasima
2,000rai
New promotion zone
Sung Noen, Nakhon Ratchasima
Land-Use Zoning
4zones
Industrial / Residential
Commercial / Free Zone
Location 01 ? Main Operating Area

Navanakorn Industrial Promotion Zone, Pathum Thani

6,135 rai ? Km 46, Phahonyothin Road

The associated company's main industrial estate, located in Khlong Nueng Subdistrict, Khlong Luang District, Pathum Thani Province. It is divided into four zones with comprehensive infrastructure and utilities, and the northern part of the project is designated for small and medium-sized industrial businesses.

Industrial Zone Residential Commercial Free Zone
Location 02 ? Investment Expansion Area

Navanakorn Industrial Promotion Zone, Nakhon Ratchasima

2,000 rai ? Sung Noen District ? BOI-Promoted

A new investment by the associated company in an area granted investment promotion by the Board of Investment (BOI), located in Sung Noen District, Nakhon Ratchasima Province, and positioned as one of the most modern industrial estates in Northeastern Thailand.

BOI Investment Promotion Modern Facilities Northeastern Hub New Investment
i
Shareholding and land area data as of 31 December 2025 ? Source: 2024 Annual Report
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