[For Information Purpose Only.
The Japanese language press release should be referred to as the original.]

January 25, 2024
To All Concerned Parties
Name of REIT Issuer:
Invincible Investment Corporation
Naoki Fukuda, Executive Director(Securities Code: 8963)
Asset Manager:
Consonant Investment Management Co., Ltd.
Naoki Fukuda, President & CEO
Contact: Jun Komo
General Manager of Planning Department(Tel. +81-3-5411-2731)

Notice concerning Acquisition of BELS Certification
Invincible Investment Corporation (“INV”) announces that among the properties owned by INV,
INV acquired BELS Certification for four hotels today as follows. The acquisition of additional
certifications brings the number of properties owned by INV that have obtained BELS
Certification to 19 hotels.
1. Properties with Newly Obtained BELS Certification and Certification Rank
Property
Name

Hotel MyStays
HanedaHotel MyStays
Matsuyama

Hotel MyStays
Kanda

Hotel MyStays
Aomori Station

★★★★★

★★★★★

★★★★

★★★★

Appearance

Certification
Rank

Reference(Note) Evaluation Agent: Center for Better Living

This English language notice is a translation of the Japanese-language notice released on January 25, 2024 and was prepared solely for the convenience of, and referenceby, non-Japanese investors. It is not intended as an inducement or solicitation for investment. We caution readers to undertake investment decisions based on their own
investigation and responsibility. This translation of the original Japanese-language notice is provided for informational purposes only, and no warranties or assurances aregiven regarding the accuracy or completeness of this English translation. Readers are advised to read the original Japanese-language notice. In the event of any
discrepancy between this translation and the Japanese original, the latter shall prevail in all respects.

12. Overview of BELS Certification
BELS (Building-Housing Energy-efficiency Labeling System) is a third-party certification systemthat evaluates and certifies the energy-saving performance of a building that the operators arerequired to make efforts to display under the Act on Improving Energy Consumption
Performance for Architectural Structures. Houses and buildings are evaluated based on thevalue of BEI (Building Energy Index) derived from the primary energy consumption based on
the government-designated energy consumption performance standard of architecturalstructures. The evaluation result is rated on a five-star scale based on energy conservation
performance (from one star “★” to five stars “★★★★★”), with five stars representing thehighest energy conservation performance. Also, two stars or more represent that the building
meets the existing energy conservation standard.
3. Initiatives for Sustainability
INV and Consonant Investment Management Co., Ltd. (“CIM”), the asset manager of INV,
recognize the importance of environmental, social, and governance considerations in real estate
investment management and regard the improvement of sustainability as an importantmanagement issue.
INV and CIM will continue to recognize its social responsibility to the environment and local
communities and will proactively implement ESG-friendly investment management andsustainability initiatives that take advantage of asset characteristics and carry out social
contribution activities.
For the details of INV’s Initiatives for Sustainability, please visit its website:
https://www.invincible-inv.co.jp/en/sustainability/index.html
Website of INV: https://www.invincible-inv.co.jp/en/

This English language notice is a translation of the Japanese-language notice released on January 25, 2024 and was prepared solely for the convenience of, and referenceby, non-Japanese investors. It is not intended as an inducement or solicitation for investment. We caution readers to undertake investment decisions based on their own
investigation and responsibility. This translation of the original Japanese-language notice is provided for informational purposes only, and no warranties or assurances aregiven regarding the accuracy or completeness of this English translation. Readers are advised to read the original Japanese-language notice. In the event of any
discrepancy between this translation and the Japanese original, the latter shall prevail in all respects.

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