[Transforming High-End Hotels into Assets and Experiences] Fund Launched for Luxury Hotels in Asia, Centered on Cambodia

— Ethical × Luxury —

Investment opportunities in globally recognized hotel brands in the new growth markets of Southeast Asia.

“Beyond wealth. Sustainable investment where culture and nature resonate.”

HMD Asia develops and operates high-end boutique hotels in high-growth regions of Southeast Asia and the Middle East, including Cambodia. A new fund investing in their track record and future has begun.

Brands: SHINTA MANI, PARK HYATT, La Résidence, JATI, TRIBE.

Combining design excellence, recognized by global media such as TIME magazine’s "World's Greatest Places" and BRUTUS, with social significance.

Growth Potential of Cambodia: With a population of approximately 16.9 million and an average age of 26.5, the country is expected to see domestic demand expansion and long-term economic growth. In 2024, the GDP growth rate reached 6%, recovering to pre-pandemic levels. The government's "Vision 2050" strategy prioritizes tourism, with rapid large-scale infrastructure investment underway.

Investment Summary: Fund Name: HMD ASIA GROWTH FUND Establishment: December 2025 Operating Scale: USD 60M - 75M (approx. 90 - 112 billion JPY) Investment Target: Existing hotel business + new residence development Duration: 6 years Minimum Investment: 33,333 USD (approx. 5 million JPY) Currency: USD-denominated

Social Contribution: Through the Shinta Mani Foundation, activities such as vocational training, education/medical support, and forest conservation are conducted. It realizes a system where "staying becomes a social contribution."

*Anna Advisors Co., Ltd. jointly forms and operates the fund with FURA JAPAN Co., Ltd.