May 29, 2024
For Immediate Release
Real Estate Investment Trust Securities Issuer:
Advance Residence Investment Corporation(Securities Code：3269)
1-105 Kanda-Jinbocho, Chiyoda-ku, Tokyo
Representative: Wataru Higuchi, Executive Director
Asset Management Company:
ITOCHU REIT Management Co., Ltd.
Representative: Junichi Shoji, Representative Director,President & CEO
Inquiries:
Isao Kudo, Executive Officer(TEL. +81-3-6821-5483)

Notice Concerning the Transfer of Corporate Director and Auditorof the Asset Management Company

ITOCHU REIT Management Co., Ltd., the asset management company to which Advance Residence Investment
Corporation (ADR) entrusts the management of its assets announced that it resolved at the meeting of its board ofdirectors held today, to propose the following candidate as Corporate Director and Auditor to be newly elected at theOrdinary General Shareholders’ Meeting scheduled on June 18, 2024.

1.

Candidate to be newly elected note (Date: June 18, 2024)
Note: please refer to the attachment for the candidate’s brief career summary.

2.

Director (full-time)

Atsushi Sekiguchi

Director (full-time)

Hiroshi Kawakami

Auditor (part-time)

Michio Naganuma

Candidate to be resigned
Auditor (part-time)

Kazuhiro Tsuchida(The term of office will expire at the conclusion of the Ordinary General Shareholders’ Meeting scheduled to be held on June 18, 2024.)

Required filings and other procedures will be performed in relation to this matter, in compliance with applicablelaws, ordinances and regulations.

1[Provisional Translation]
This English translation of the original Japanese document is provided solely for informational purposes.
Should there be any discrepancies between this translation and the Japanese original, the latter shall prevail.

Attachment:TitleDirector(full-time)

Name

Brief Career Summary(Date of Birth)

AtsushiSekiguchi(September 7, 1965)

Apr.1988 Joined ITOCHU Corporation
Oct.1998 Seconded to ITOCHU Property Development, Ltd.
Apr.2003 ITOCHU Corporation
Deputy Manager, Construction Department Construction No. 1
Apr.2005 Manager, Construction Department Construction No. 1
Apr.2006 Manager, Construction Department No. 1, Construction Division No.
1Apr.2009 Seconded to ITC Investment Partners Corporation.
(currently PayPay Asset Management Corporation.)
Executive Vice President
Nov.2011 Seconded to Itopia Asset Management Co., Ltd.
(currently Nishimatsu Asset Management Co., Ltd.)
Director and Vice President
Apr.2012 ITOCHU Corporation
Deputy General Manager of Construction Department No. 1,Jul. 2014 Deputy General Manager of Construction Department No. 1and General Products & ICT Planning & Administration Department
Apr.2015 General Manager of Construction Department No. 2
Apr.2019 Seconded to ITOCHU Property Development, Ltd.
Executive Officer
Jul. 2019 DirectorApr.2024 Seconded to ITOCHU REIT Management Co., Ltd.
Executive Assistant to the President （current position）

2[Provisional Translation]
This English translation of the original Japanese document is provided solely for informational purposes.
Should there be any discrepancies between this translation and the Japanese original, the latter shall prevail.

TitleDirector(full-time)

Name

Brief Career Summary(Date of Birth)

HiroshiKawakami

Apr.1990(July 10, 1966) Oct.1992

Apr.1996

Joined ITOCHU Real Estate Co., Ltd., Osaka Finance & Accounting
Department
ITOCHU Corporation
Department (Osaka)

Construction&Real

EstateManagement

Construction & Real Estate Management Department (Tokyo)

May.2000 L-Assist Corporation (Note 1)
Sep.2000

General Manager, Business Promotion OfficeNov.2001 Director and General Manager of Business Promotion OfficeAug.2009 AD Investment Management Co., Ltd.
(currently the Asset Management Company)
Deputy General Manager of Finance & Accounting Department
Mar.2010 General Manager of Finance and Accounting Department
Jun.2011

Director, General Manager of Finance & Accounting Department

Apr.2012

Director and Deputy General Manager, Administration Division

Oct.2016

Director and General Manager, Administration DivisionJun.2018

Managing Director and General Manager of Administration DivisionJun.2019

Managing Director, General Manager, Human Resources & Investor
Relations Division

Apr.2021

Managing Director, General Manager of Human Resources Division and incharge of Asset Business Division No. 2Jun.2022

Executive Officer Private Equity Division（current position）

Aug.2023 Advance Private Investment Corporation Executive Director（current position）(Note 1) L-Assist Corporation changed its name to Noel Corporation following the merger.

3[Provisional Translation]
This English translation of the original Japanese document is provided solely for informational purposes.
Should there be any discrepancies between this translation and the Japanese original, the latter shall prevail.

TitleAuditor(part-time)

Name

Brief Career Summary(Date of Birth)

MichioNaganuma

Apr.1997(August 14, 1974)

Apr.2005

Joined ITOCHU Corporation, Finance Department

Dec.2003 Metals and Energy Management Department
Seconded to ITOCHU Oil Exploration Co., Ltd.

Dec.2009 ITOCHU Corporation, Accounting Department
Nov.2015 China Business Management Group and ITOCHU Hong Kong Ltd.

May.2019 Deputy General Manager, Investor Relations OfficeJan.2021

Deputy General Manager, Investor Relations Department

May.2021 General Manager, Machinery & Accounting Office
Apr.2024

General Manager, Housing and Accounting Office（current position）

About Advance Residence Investment Corporation
Advance Residence Investment Corporation is the largest J-REIT specializing in residential properties and is managed by ITOCHU REITManagement Co., Ltd. (IRM), the asset management company of the ITOCHU Group, investing in over 280 rental apartments located mostly incentral Tokyo and in other major cities throughout Japan (AUM over 490 billion yen). ADR can be expected have a stable dividend in the long-termand can be considered as a defensive J-REIT, on back of the stable income from residential assets and with the largest dividend reserve among
J-REITs.
"Advance" is the common brand name of the real estate investment corporation managed by ITOCHU REIT Management Co., Ltd.
ADR’s website: https://www.adr-reit.com/en/
IRM’s website : https://www.itc-rm.co.jp/en/

4[Provisional Translation]
This English translation of the original Japanese document is provided solely for informational purposes.
Should there be any discrepancies between this translation and the Japanese original, the latter shall prevail.