September 13, 2023
For Immediate Release
Real Estate Investment Trust Securities Issuer
Star Asia Investment Corporation
Representative: Atsushi Kato, Executive Officer(Code: 3468)
Asset Management Company
Star Asia Investment Management Co., Ltd.
Representative:
Atsushi Kato
President and CEO
Contact:
Akiko Kanno
Director and CFO
TEL: +81-3-5425-1340

Notice Regarding Partial Amendment of the Articles of Incorporation and Election of Directors
Star Asia Investment Corporation (“SAR”) resolved at its board of directors meeting held today to submit a
proposal to SAR’s Sixth General Meeting of Unitholders scheduled to be held on October 26, 2023 (hereinafterreferred to as the “Relevant Unitholders’ Meeting”) regarding partial amendment of the Articles of Incorporationand Election of Directors, as described below.
The following matters shall come into effect when they are approved by resolution at the Relevant
Unitholders’ Meeting.

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The main contents of partial amendment of the Articles of Incorporation and the reasons for submitting theproposal.
(1) Following the coming into effect on September 1, 2022 of the amendment provisions set forth in Item 3of the supplementary provisions of the Act on Arrangement of Relevant Acts Incidental to Enforcementof the Law for Partial Amendment of the Companies Act (Act No. 71 of 2019), it is deemed that theArticles of Incorporation has been revised to the effect that measures are to be taken to electronicallyprovide reference documents etc. for the general meeting of unitholders, and in order to clarify thispoint, a new provision is to be established to the effect within the Articles of Incorporation of SAR(relevant draft amendment is Article 9-2 Paragraph 1). Furthermore, given the introduction of theelectronic provision measure, a new provision is to be established to allow limitation of the scope ofmatters to be stated within the documents issued to unitholders who have requested delivery ofdocuments to such scope prescribed under the Regulation for Enforcement of the Act on Investment
Trusts and Investment Corporations (relevant draft amendment is Article 9-2 Paragraph 2).
(2) Upon receiving loans from credit unions and Shinkin banks, it is necessary to make contributions basedon the “Small and Medium-Sized Enterprise Cooperatives Act” (Act No. 181 of 1949, including any
subsequent amendments thereto) and the “Shinkin Bank Act” (Act No. 238 of 1951, including any
subsequent amendments thereto), and under the current Articles of Incorporation, although suchcontributions are incorporated within acts incidental to investments in real estate etc., for the purposeof clarification, such contributions are to be added as investment targets. (Relevant to Article 29 of thecurrent Articles of Incorporation.)

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Election of Directors
SAR’s executive officer Atsushi Kato and SAR’s supervisory officers Masahiro Tamaki and Tatsuya Harada
offered to resign as of the end of the Relevant Unitholders’ Meeting in order to adjust the term of office,and 1 executive officer (Atsushi Kato) and 2 supervisory officers (Masahiro Tamaki and Tatsuya Harada) areto be reelected at the same Relevant Unitholders’ Meeting.
Furthermore, to prepare for the circumstance when there is no executive director in office or where
there is a vacancy which results in a shortfall in the number of executive directors prescribed under laws
and regulations, one substitute executive director (Akiko Miyazawa (maiden name and full name on duty isAkiko Kanno)) will be elected.
Also, to prepare for the circumstance when there is no supervisory officer in office or where there is avacancy which results in a shortfall in the number of supervisory officers prescribed under laws andregulations, one substitute supervisory officer (Hirotaka Isayama) will be elected.
(For details regarding election of directors please refer to the Attachment “Notice of Convocation of theSixth General Meeting of Unitholders”(Only available in Japanese))3.

Schedule for the Relevant Unitholders’ Meeting
September 13, 2023 Board of Directors to approve the proposal to be submitted to the Relevant
Unitholders’ MeetingOctober 11, 2023
Send Convocation Notices for the Relevant Unitholders’ Meeting (Scheduled)
October 26, 2023
Relevant Unitholders’ Meeting (Scheduled)<Attachment>
Notice of Convocation of the Sixth General Meeting of Unitholders (Only available in Japanese)＊ SAR HP URL: https://starasia-reit.com

This is an English translation of the announcement in Japanese dated September 13, 2023. However, noassurance or warranties are given for the completeness or accuracy of this English translation.

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