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.

May 31, 2024
Ichigo Inc. (Tokyo Stock Exchange Prime, 2337)
Representative: Scott Callon, Chairman
Inquiries: Takanori Sakamatsu, Executive Managing Director
Telephone: +81-3-4485-5221 www.ichigo.gr.jp/en

Controlling Shareholder Information
1. Controlling Shareholder Overview

NameRelationship

Ichigo Trust Pte. Ltd.

Controlling
Shareholder(as of February 29, 2024)
Percentage of Total Voting Rights
Stock
Exchange
Directly
Indirectly
Total
Listing
Held
Held
51.11

－51.11N/A

2. Ichigo’s Relationship to Ichigo Trust Pte. Ltd.
(a) Details of Ichigo Trust Pte. Ltd. and Relationship Between Ichigo and Ichigo TrustPte. Ltd.
Ichigo Trust Pte. Ltd. is the largest shareholder of Ichigo and holds 51.11% of Ichigo’s
voting rights. It is a fully-owned subsidiary of Ichigo Trust, an overseas-domiciled
investment unit trust.
Ichigo Asset Management International, Pte. Ltd. (“Ichigo Asset International”) is theinvestment manager for both Ichigo Trust Pte. Ltd. and Ichigo Trust. Ichigo Asset
International receives investment advice from Ichigo Asset Management, of which ScottCallon, the Chairman of Ichigo, is the CEO. Scott Callon is not involved in themanagement of Ichigo Asset International or any of its transactions in Ichigo shares.
Ichigo Asset International fully complies with all Japanese laws and regulations, andhas in place internal compliance rules and an information control system that suspend
all trading activity in Ichigo should Ichigo Asset International come into possession ofmaterial, non-public information (MNPI) with respect to Ichigo.
(b) Independence from Ichigo Trust Pte. Ltd.
Ichigo Trust Pte. Ltd. and Ichigo Trust have no special rights with respect to thebusiness activity of Ichigo. Ichigo has an independent decision-making process incarrying out its business activities, and makes its own business decisions.

13. Ichigo Transactions with Ichigo Trust Pte. Ltd.
Ichigo has purchased Ichigo Office (8975) shares from Ichigo Trust Pte. Ltd. via OTC
transactions. The share transaction prices were the closing prices on the most recent
trading day. Ichigo believes that this is a reasonable valuation standard for transacting inIchigo Office shares.
NameIchigo Trust Pte. Ltd.

Relationship

Controlling Shareholder

Location

Singapore

Paid-in Capital

JPY 736,482 million

Principal Businesses

Investment

Percentage of Total Voting Rights

51.1%

Business/Personnel Relationship ofNote－Transaction

Sale of Ichigo Office shares to Ichigo

AmountJPY 9.999 billion

4. Protection of Minority Shareholders
In the event of any transactions with Ichigo Trust Pte. Ltd. or Ichigo Trust, Ichigo takes
special care to protect the interests of minority shareholders and has in place appropriate
procedures to that effect, including the due diligence of all transactions by Ichigo’sCompliance Department, Internal Audit Department, Audit Committee, Board ofDirectors (of which the majority are Independent Directors), and external legal counsel.

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