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.

February 25, 2020
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: Takayoshi Hiiro, Head of Ichigo Green
Tel: +81-3-3502-4854

Changes in Directors and Executive Officersof Asset Management CompanyIchigo Investment Advisors (“IIA”), the asset management company of Ichigo Office,has decided to change its governance structure from a Company with Committees(Nominating, Audit, Compensation) structure to a Company with Board, Corporate
Auditor, and External Auditor structure. In addition, IIA is introducing an Executive
Officer system. An Extraordinary Shareholder Meeting today approved amendments toIIA’s Articles of Incorporation to reflect these changes, effective March 1, 2020, as
announced in today’s release “Amendments to Articles of Incorporation.”
While some appointments of Directors and Executive Officers were approved at today’s
Extraordinary Shareholder Meeting, the rest will become effective upon approval by
IIA’s Board on March 1, 2020.
To support strong corporate governance, the majority of IIA’s Board will continue to be
Independent Directors.
1. Directors (from March 1, 2020)
Name
Hiroshi Iwai
Minoru Ishihara
Sohsuke Takahashi
Noriyuki Kobayashi
Chad Iverson

New Position
Representative Director
Director
Independent Director
Independent DirectorIndependent Director (New)Current Position
Director
Unchanged
UnchangedUnchanged–

Note: Independent Director Katsu Fujita will become Corporate Auditor.

1Reference: Career History of Independent Director
Name(Date of Birth)

Career History

July 1993
September 1995
Chad Iverson
August 2000
(February 9, 1970) March 2016
March 2020

William Kent International (Virginia, US)
Coleman Japan Co., Ltd.
Capital International KK
Ichigo Asset Management, Ltd. (current)
Independent Director, Ichigo Investment Advisors Co., Ltd(expected)

2. Corporate Auditor (from March 1, 2020)
Name
Katsu Fujita

New Position
Corporate Auditor

Current PositionIndependent Director

3. Executive Officers (from March 1, 2020)
Name

Executive Vice President &Executive Officer
Executive Managing Director &Executive Officer(Private Funds)
Executive Officer(AM Execution)
Executive Officer(Business Planning)

Current Position
President & Representative
Statutory Executive Officer(Overall Company Management)
Executive Vice President &Statutory Executive Officer
Executive Managing Director &Statutory Executive Officer(Office REIT)
Statutory Executive Officer(AM Execution)
Statutory Executive Officer(Business Planning)

Hidehito Iwasaka

Executive Officer(Hotel REIT)

Statutory Executive Officer(Hotel REIT)Sanae Hiraoka

Executive Officer(Office REIT)–Takao Nitta

Executive Officer(Green Infrastructure)–Hiroshi Iwai
Takeyuki Yoshimatsu
Shinichi Fukasawa
Masanori Kubota
Hiroto Tajitsu

New Position
President & Executive Officer(Overall Company Management)

These changes in Directors and Executive Officers will be conducted in accordancewith the provisions of the Financial Instruments and Exchange Law, the Building Lots
and Buildings Transaction Business Law, and other applicable laws and regulations.

2Reference: New IIA Organization Chart (from March 1, 2020)
AGM
Corporate Auditor
Board of Directors

Risk & Compliance Committee

Representative Director

Internal Audit
Risk & ComplianceInv estment Committee(Ichigo Office)Inv estment Committee(Ichigo Hotel)

Inv estment Committee(Ichigo Green)Inv estment Committee(Priv ate Funds)

Ichigo Office

Ichigo Hotel

Ichigo GreenPrivate Funds

Asset Management

Asset Management

Asset Management

Asset Management

3Acquisitions & SalesAM Execution

Business Planning