Kenedix Residential Next Investment Corporation (the 'Investment Corporation'), at its board of directors' meeting held on September 14, 2021, deiced to submit proposals of appointment of directors to the seventh general unitholders' meeting of the Investment Corporation to be held on October 27, 2021. The reasons for the appointment of directors are as follows - Because the term of office of both Shin Yamamoto and Katsue Okuda, the current executive directors, will expire on October 31, 2021. Because the term of office of Soichiro Iwao, the supervisory directors, will expire on October 31, 2021.