Activia Properties Inc. announced that it received from executive officer Michie Kawai, notification of resignation as of March 31, 2017. Accordingly, alternate executive director Nariaki Hosoi will be appointed as the new executive director. Michie Kawai resign from executive director effective from March 31, 2017 and Nariaki Hosoi will be appointed as the new executive director on April 1, 2017. Nariaki Hosoi is director, managing executive officer of TLC Activia Investment Management Inc.