FOR IMMEDIATE RELEASE
June 7, 2024

Star Asia Group Completes the Acquisition of 100% of Minacia Co., Ltd, aLeading Domestic Hotel Operator

Star Asia Group is pleased to announce that it has completed the acquisition of100% of the shares of Minacia Co., Ltd. Based on the share transfer agreement
dated April 26, 2024, as described in previous press release dated May 10, 2024.

Overview of Minacia(1)Company Name

Minacia Co., Ltd.

(2)

Head Office Address

3F, 1-2 Kanda Ogawamachi, Chiyoda-ku, Tokyo(3)

Date of Foundation

June 1, 2001

(4)

Capital

JPY50 million(5)

Business Contents

・Hotel/Restaurant

management,planning,operation and administration
・Consulting

servicesforhotel/restaurant

operations(6)

Representative

Title

Kazuyoshi Shimojima,and Name

President and Representative Director(7)

Number of Employees

953 as of December 2023

(8)

Number of Hotels in

39 Hotels with 5,180 rooms as of March 2024

Operation
Note: Press release dated May 10, 2024
https://starasiamanagement.com/assets/file/news20240510_en.pdf

Star Asia GroupStar Asia is a privately owned, independent investment management group focusedon delivering superior investment returns to its clients by investing primarily inJapanese real estate related opportunities. Star Asia Group is the sponsor of two
Tokyo Stock Exchange listed companies, Star Asia Investment Corporation (TSE:3468) and Polaris Holdings (TSE: 3010).
Star Asia was co-founded in 2006 by Malcolm F. MacLean IV and Taro Masuyama
who each have over 25 years of experience in real estate, credit, corporate finance,capital markets and securitization. As of March 2024, the Group has a total of 728
employees in Japan and the United States, including over 55 professionals in its
Tokyo office. Star Asia’s partners and employees share a long-term perspective andalways operate under their Guiding Principles which continuously drive the Group tobecome and remain one of the leading real estate investment management firmsin Japan.
Since its inception, Star Asia has invested over JPY1.3 trillion (as of December 31,2023) in real estate related opportunities including properties, loans, securitized
assets, and companies. The Group’s strong track record and long-term partnershipapproach with our investors have been integral in attracting significant capital fromsophisticated global investors, including large U.S. university endowments andfoundations, sovereign wealth funds, U.S. and Asia based family offices as well asother global real estate investors. The Group is committed to its disciplined
Investment Philosophy with a single goal of meeting and exceeding its clients’
expectations for the mandates we are given.

Star Asia Group Website: https://starasiamanagement.com/

Contact: press.jp@starasiamanagement.com

Disclaimer
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