Make The World
More Sustainable[Provisional Translation Only]
This English translation of the original Japanese document is provided solely for information purposes.
Should there be any discrepancies between this translation and the Japanese original, the latter shall prevail.

July 1, 2021
IssuerIchigo Green Infrastructure Investment Corporation (“Ichigo Green,” 9282)
1-1-1 Uchisaiwaicho, Chiyoda-ku, Tokyo
Representative: Mami Nagasaki, Executive Director
www.ichigo-green.co.jp/en
Asset Management Company
Ichigo Investment Advisors Co., Ltd.
Representative: Hiroshi Iwai, President
Inquiries: Takao Nitta, Head of Ichigo Green
Tel: +81-3-3502-4854

Change in Specified Related CorporationIchigo Green is reporting a change in a specified related corporation at Ichigo Investment
Advisors (“IIA”), its asset management company.
1. Details of Change
During the three-year period starting in FY18/6 (July 1, 2017) to the last day of FY20/6(June 30, 2020), the total amount of transactions, as prescribed under Article 29-3 Clause 3,
Item 1 of the Order for Enforcement of the Financial Instruments and Exchange Law,
between Ichigo Green and Ichigo ECO Energy (a related party of Ichigo Green and IIA
under Article 201 Clause 1 of the Act on Investment Trusts and Investment Corporations)satisfied the criteria under Cabinet Office Ordinance Article 55-8 Clause 1 regarding
securities transactions, therefore resulting in Ichigo ECO Energy being considered a
specified related corporation. However, because this criteria was not satisfied for the threeyear period starting in FY19/6 (July 1, 2018) to the last day of FY21/6 (June 30, 2021),
Ichigo ECO Energy is no longer considered a specified related corporation.
2. Date of Change
July 1, 20213. Ichigo ECO Energy Overview(1) Name(2) Address(3) Representative(4) Main Business(5) Paid-In Capital(6) Establishment Date
(7) Net Assets

Ichigo ECO Energy
1-1-1 Uchisaiwaicho, Chiyoda-ku, Tokyo
Eiichiro Gotoh, President & Representative Director
Renewable energy power generation and supply
Environmental engineering and consulting
Provision of environmental technology, know-how, andinformation
JPY 150 million (as of February 28, 2021)
November 28, 2012
JPY 1.257 billion (as of February 28, 2021)
1(8) Total Assets

JPY 15.538 billion (as of February 28, 2021)(9) Major Shareholder/
Percentage Ownership

Ichigo 100% (as of February 28, 2021)(10) Relationship with Ichigo Green or IIA
CapitalRelationship

Ichigo Green does not have any capital relationshipwith Ichigo ECO Energy. Ichigo ECO Energy is awholly-owned subsidiary of Ichigo, IIA’s parentcompany, and therefore, is a related party as defined inthe Enforcement Ordinance of the Investment Trust andInvestment Corporation Law and the internal rules ofIIA.

Personnel
Relationship

Although Ichigo Green and IIA do not have any
personnel relationship with Ichigo ECO Energy, IIA hasa personnel relationship with Ichigo, Ichigo ECOEnergy’s parent company.

BusinessRelationship

Pursuant to the power plant lease agreement betweenIchigo Green and Ichigo ECO Energy, Ichigo ECOEnergy leases and operates the Ichigo Takamatsu
Kokubunjicho Nii ECO Power Plant from Ichigo
Green. With respect to all other Ichigo Green plants,Ichigo ECO Energy serves as the plant operator
pursuant to project agreements between Ichigo Greenand the respective SPCs leasing these power plants.
With respect to the Ichigo Takamatsu Kokubunjicho Nii
ECO Power Plant, Ichigo ECO Energy pays Ichigo
Green a base fee pursuant to the power plant leaseagreement. With respect to all other Ichigo Green
power plants, Ichigo ECO Energy serves as a joint
guarantor for base fee payment pursuant to theaforementioned project agreements.

RelatedParties

Ichigo ECO Energy is not a related party of Ichigo
Green, but is a subsidiary of Ichigo, IIA’s parentcompany, and therefore, is a related party of IIA.

4. Outlook
The effective date of this change is July 1, 2021, and therefore has no impact on Ichigo
Green’s FY21/6 earnings. Furthermore, this change has no impact on Ichigo Green’s
FY22/6 (July 1, 2021 to June 30, 2022) earnings forecast. The change will be conductedin accordance with the provisions of the Financial Instruments and Exchange Law, theBuilding Lots and Building Transactions Business Law, and other applicable laws andregulations.

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