Nippon Accommodations Fund Inc. announced that requests have been received to resign for adjustment of the terms of office from one Executive Director (Takashi Ikeda) and two Supervisory Directors (Mika Etoh and Eiki Enomoto) and to resign upon the closing of the General Meeting of Unitholders from one Supervisory Director (Mitsutoshi Masuda). Accordingly, NAF proposes that one Executive Director and three Supervisory Directors be elected at the General Meeting of Unitholders planned for May 16, 2023. In addition, a proposal will be submitted for the election of two Substitute Executive Directors in case the Executive Director of NAF vacates his or her position.