Ichigo Hotel REIT Investment Corporation (the "Investment Corporation") was established on July 22, 2015 (with investment of 300 million yen and 3,000 issued units) in accordance with the Act on Investment Trusts and Investment Corporations (Act No. 198 of 1951, as amended; the "Investment Trust Act") with Ichigo Investment Advisory Co., Ltd. (the "Asset Management Company") as the founder and Ichigo Co., Ltd. as the sponsor, and was listed on the Real Estate Investment Trust Securities Market of the Tokyo Stock Exchange, Inc. (the "Tokyo Stock Exchange") on November 30 of the same year (stock code 3463). In the 17th fiscal period, we issued new investment shares through a third-party allotment for the first time in seven years, and acquired five domestic properties, including HOTEL THE KNOT YOKOHAMA and THE KNOT SAPPORO, lifestyle hotel brands operated by Ichigo Co., Ltd., a sponsor of our investment corporation, and are expanding the size of our assets while promoting geographical diversification and improving the quality of our portfolio. As a result, as of the end of the January 2024 period, the number of properties is 30, the total acquisition price is 69,863 million yen, and the total number of investment units issued is 327,489. With the accommodation and tourism market showing signs of recovery, the Investment Corporation will continue to make preparations to seize the opportunity to further grow and expand the Investment Corporation and capture hotel demand.