Daiwa House Asset Management Asia Pte. Ltd., as manager of Daiwa House Logistics Trust (the "Manager" and Daiwa House Logistics Trust, "DHLT") announced that Mr. Takeshi Fujita will step down as Executive Director of the Manager, with effect from 31 May 2023. He will be succeeded by Mr. Jun Yamamura, with effect from 1 June 2023.

The change in leadership is part of succession planning and Mr. Fujita will be returning to Japan to assume another appointment in Daiwa House Industry Co. Ltd. ("Sponsor"). Yamamura joined the Sponsor in April 2021 as part of the project team for the listing of a real estate investment trust ("REIT") in Singapore.

He was subsequently relocated to Singapore when he was transferred to the Manager in August 2021, and was a key member of the team that successfully listed DHLT on the Singapore Exchange Securities Trading Limited (the "SGX-ST"). Prior to joining the Sponsor, Mr. Yamamura spent 22 years in Marubeni Corp., one of the larger general trading companies in Japan, where he was involved in various functions including real estate development and investment. Mr. Yamamura also had extensive experience in REITs and was involved in the listing of United Urban Investment Corporation on Tokyo Stock Exchange ("TSE") in 2003 and its subsequent acquisition of another TSE-listed REIT.