A.D. Works Co., Ltd.

Location	Fifth Floor, Hibiya Kokusai Building 2-2-3 Uchisaiwai-cho, Chiyoda-ku, Tokyo 100-0011
Investment stake	100%
Business operations	The ADWG Group's core business company which operates a business acquiring, product planning and selling income properties in Japan, as wel as a small-lot real estate investment product sales business, and overseas businesses
Representative	Hideo Tanaka, Representative Director and Chair Toshiya Suzuki, Representative Director and President
Telephone	+81-3-5251-7561

A.D. Partners Co., Ltd.

Location	Third Floor, Nippon Press Center Building 2-2-1 Uchisaiwai-cho, Chiyoda-ku, Tokyo 100-0011
Investment stake	100%
Representative	Toshiya Suzuki, Representative Director, Chairman and President

JMR Asset Management Co., Ltd.

Location	1-22-9 Dogenzaka, Shibuya-ku, Tokyo 150-0043
Investment stake	100%
Business operations	Established in September 2021 as an investment management company to form REIT
Representative	Hideo Goto, Representative Director and President

Angel Torch Co., Ltd.

Location	Fifth Floor, Hibiya Kokusai Building 2-2-3 Uchisaiwai-cho, Chiyoda-ku, Tokyo 100-0011
Investment stake	100%
Business operations	Promotes CVC (corporate venture capital) business and creates opportunities for investment and collaboration in order to develop businesses that will generate revenue from non-real estate businesses in the medium term
Representative	Hideo Goto, Representative Director and Chair Akira Kizu, Representative Director and President
Telephone	+81-3-5251-7634

Jupiter Funding Co., Ltd.

Location	Fifth Floor, Hibiya Kokusai Building 2-2-3 Uchisaiwai-cho, Chiyoda-ku, Tokyo 100-0011
Investment stake	100%
Business operations	Raises capital using crowd funding and other methods in line with a management policy that prioritizes debt financing as a medium-term growth strategy
Representative	Haruyasu Yamashita, Representative Director and President

A.D. Works USA, Inc.

Location	222 North Pacific Coast Highway, Suite 1770, El Segundo, CA 90245, U.S.A.
Business operations	A presiding company of three overseas companies－ADW Management USA, Inc., and ADW Hawaii LLC－with the aim of expanding business in the US
Representative	Toshiya Suzuki, Director and Chair Atsuki Hashizume, Director, CEO and President
Telephone	+1-310-333-0860

ADW Management USA, Inc.

Location	222 North Pacific Coast Highway, Suite 1770, El Segundo, CA 90245, U.S.A.
Business operations	Pursues a property management business in California, USA
Representative	Toshiya Suzuki, Director and Chair Atsuki Hashizume, Director, CEO and President
Telephone	+1-310-333-0860

ADW Hawaii LLC

Location	222 North Pacific Coast Highway, Suite 1770. EI Segundo, CA 90245, U.S.A.
Business operations	Buys and sells, develops and holds properties in Hawaii, the US
Manager	Shohei Kurimori
Telephone	+1-310-333-0860