[Translation for reference purposes only]
December 19, 2023
To all parties concerned:
Real Estate Investment Trust Securities Issuer:
Ooedo Onsen Reit Investment Corporation
Representative:
Takeshi Kirihara,
Executive Director(Securities Code: 3472)
Asset Manager:
APA Investment Management Co., Ltd.
Representative: Takeshi Kirihara,
Chief Executive Officer
Inquiries:
Tomohiro Honda,
Director, Chief Financial Officer(TEL: +81-3-6262-5456)

Notice Concerning Completion of Changes in the Principal Shareholders, etc., Changes in the trade
names and Changes in Director of the Asset ManagerOoedo Onsen Reit Investment Corporation (the “Investment Corporation”) announces that Ooedo Onsen
Asset Management Co., Ltd. (the “Asset Manager”), to which the Investment Corporation entrusts themanagement of its assets, has completed the changes in the principal shareholders, parent company andspecified associated companies (the “Changes”), which were announced in the “Notice Concerning Changes
in the Principal Shareholders, Parent Company and Specified Associated Companies of the Asset Manager”
on December 12, 2023, and also announces that changes in the trade names of the Asset Manager andappointment of a Director and a Corporate Auditor had resolved at extraordinary general meeting ofshareholders and extraordinary meeting of the bord of directors held today. Details are as follows.
1. Overview of the principal shareholders, parent company and specified associated company
There are no updates about the principal shareholders, parent company and specified associated company of
the Asset Manager after the Changes from the contents in the press release “Notice Concerning Changes in thePrincipal Shareholders, Parent Company and Specified Associated Companies of the Asset Manager” publishedon December12, 2023. For details, please refer to the same press release.
2. Details of the changes in the trade names of the Asset Manager(1) Previous trade name: Ooedo Onsen Asset Management Co., Ltd.
(2) New trade name: APA Investment Management Co., Ltd.
(3) Date of the change: December 19, 2023
(4) Purpose of the changes in the trade name:As a company operating under the umbrella of APA Holdings Co., Ltd. ("APAH"), which will become anew shareholder, the Asset Manager has set out a policy of becoming a leading company of the J-REIT
industry with a view toward enhancing the unitholder value of investment corporations. In consideration ofthe policy, the Asset Manager and APAH have recently decided to change the Asset Manager’s tradename asindicated above to facilitate the growth of the Investment Corporation by utilizing APAH’s support while
also continuing to apply the Investment Corporation’s existing policy pertaining to asset management.
3. Details of the changes in directors and auditors of the Asset Manager
Newly appointed officer dated December 19, 2023
Director (Part-time): Takafumi Obayashi *Auditor (Part-time): Yoshihiro Hirano **For career summary, please see the attachment.

1Retiring officer dated December 19, 2023
Director (Part-time): Eiji Yoshioka
Auditor (Part-time): Peter Swanger* The Investment Corporation’s website: https://oom-reit.com/en/2

[Attachment]
as of December 19, 2023
Title

Director(Part-time)

Auditor(Part-time)

Name

Takafumi
Obayashi

Yoshihiro
HiranoCareer SummaryApr. 2006
Apr. 2008
Feb. 2012
May 2012
Dec. 2015
Jun. 2023

APA Research Institute Co., Ltd., Director
APA Co., Ltd., Managing Director
Registration as a tax accountant
APA Group Co., Ltd., Managing Director
APA Holdings Co., Ltd., Managing Director
APA Holdings Co., Ltd., Senior Managing Director (incumbent)

Sep. 2005
Sep. 2006

APA Mansion Co., Ltd., Director
APA Co., Ltd., Director
APA Toshi-Keikaku Co., Ltd. (current APA Group Co., Ltd.),Director
APA Co., Ltd., Managing Director
APA Community Co., Ltd., President and Representative Director(incumbent)
APA Holdings Co., Ltd., Managing Director
APA Holdings Co., Ltd., Senior Managing Director (incumbent)

Apr. 2008
Nov. 2013
Dec. 2015
Jun. 2023

3