Notice Regarding Conclusion of Fixed-Term Building Lease and Management Service Delegation Contracts (Hotel Mystays Gotanda Ekimae and 3 Other Properties)

Overview of Contract Conclusion

Invincible Investment Corporation re-concluded fixed-term building lease and management service delegation contracts with Iconia Hospitality Co., Ltd. and affiliates (ICN Group) for four properties it owns: Hotel Mystays Gotanda Ekimae, Hotel Epinard Nasu, Hotel Mystays Fukuoka Tenjin, and Hotel Mystays Hamamatsucho, which expire on 2026-03-30. The contract period is 10 years from 2026-03-31 to 2036-03-31. The fixed rent remains the same as the current amount, and the variable rent calculation period has changed from every 3 months to every 6 months.

Conflict of Interest and Future Outlook

The ICN Group has received investment from funds operated by affiliates of Fortress Investment Group LLC, the sponsor, and is treated as a sponsor-related party according to the asset management company's internal regulations. Conflict of interest measures were implemented for this contract conclusion, and approval was obtained from the Compliance Committee, Investment Committee, Board of Directors, and Officers of the Investment Corporation. The impact on operations from concluding this contract is considered minimal.