Investor Presentaiton

一期一会| ICHIGO Synergies Between Ichigo Hotel and Sponsor - Strengthen acquisitions through leveraging Ichigo's sourcing network - - Increase asset value through Ichigo's real estate value-add capabilities Drive higher returns for Ichigo Hotel shareholders Buy |一期一会| ICHIGO Ichigo Hotel (3463) Buy Sponsor: Ichigo (2337) Buy Hotel 一期一会| Value-Add Make The World Sell ICHIGO More Sustainable Long-Term Asset Management Role (Grow Earnings for Shareholders) Value-add capex On-going renovation and equipment renewal Hard Increase hotel attractiveness & competitiveness Grow earnings via collaboration with hotel operators Value-Add (Increase Asset Value) Rectify building code issues Seismic and safety reinforcement Large-scale structural and equipment renewal Change hotel operator/brand Grow earnings via rebranding and improving lease terms Soft Improve lease terms Improve hotel operations Grow earnings via smart cost control Third-Party Investors Sell O Ichigo Investment Advisors Co., Ltd. Ichigo Hotel REIT Investment Corporation All rights reserved. Sell 55 55

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