Ichigo Real Estate Investment Corporation announced that Wataru Orii's position changed from President & Representative Statutory Executive Officer (Overall Company
Management, Sales & Acquisitions) to President & Representative Statutory Executive Officer (Overall Company Management), Takumi Naito position changed from Executive Vice President & Representative Statutory Executive Officer (Asset Management) to Executive Vice President & Representative Statutory Executive Officer (Private Fund); Shinichi Fukasawa position changed from Senior Statutory Executive Officer (Sales & Acquisitions) to Senior Statutory Executive Officer (REIT); Mitsutaka Shimada position changed from Head of Sales & Acquisitions to Statutory Executive Officer (Acquisitions & Sales); Akihiko Tsukasa position changed from Osaka Branch General Manager to Statutory Executive Officer (Osaka Branch), Osaka Branch General Manager; and Takashi Ohigawa's position changed from Head of Asset Management to Head of Private Fund Portfolio Management.