[Estimated Yield 6.0% p.a.] Investment becomes a Journey. StellaVia, a Resort-Specialized Real Estate Crowdfunding Platform, Starts Recruiting for Fund No. 12 Targeting a Luxury Villa in Hakuba, Nagano.

Stella Asset Co., Ltd. (Headquarters: Osaka, CEO: Yuzuru Yanaka) is pleased to announce the recruitment of its new fund, 'Mr.T Resort Hakuba Amber Echoland Stella Asset Fund No. 12,' on its hotel/ryokan/resort-specialized real estate crowdfunding platform 'StellaVia,' starting April 27, 2026.

This fund targets a luxury villa in Hakuba Village, Nagano Prefecture, where the number of tourists reached a record high of approximately 2.71 million in 2024. Investors can start with as little as 10,000 yen per unit.

### Fund Overview This fund is a fractional real estate product (anonymous partnership type) targeting 'Hakuba Amber Echoland MR.T Building D (B2)' in the Hakuba area of Nagano Prefecture. Stella Asset acts as the operator, managing funds from investors and anticipating rental income based on a master lease agreement with JADE GROUP.

- Fund Name: 'Mr.T Resort Hakuba Amber Echoland' Stella Asset Fund No. 12 - Expected Distribution Rate: 6.0% p.a. (pre-tax) - Target Amount: 215,000,000 JPY - Investment Period: 12 months (Planned start: July 1, 2026; Planned end: June 30, 2027) - Investment Unit: 10,000 JPY per unit - Recruitment Period: April 27, 2026 – June 30, 2026 - Distribution Frequency: Quarterly (First payout planned for end of October 2026) - Contract Type: Anonymous Partnership (Tokumei Kumiai) - Recruitment Method: Lottery

### Three Key Attractions 1. Growing Inbound Demand in Hakuba Hakuba is a world-renowned mountain resort that hosted the 1998 Winter Olympics. In 2024, the annual number of tourists was 2.71 million, exceeding pre-pandemic levels and reaching a 20-year high. Foreign skier visits in 'HAKUBA VALLEY' reached 727,000 in the 2024-2025 season (+128% YoY), marking a record high. The growth is particularly strong in Western markets like Australia, the US, and Canada.

2. Luxury Villa Completed in 2024 for Long-term Stays The property is a two-story wooden villa completed on December 25, 2024. Located 7 minutes by car from JR Hakuba Station, it features a spacious 4-bedroom layout suitable for private stays by multiple families. It is equipped with high-end amenities such as a family bath with snow views and a professional system kitchen preferred by international travelers.

3. Investor Protection via Priority-Subordinated Structure The fund employs a priority-subordinated structure to mitigate the risk of principal loss. Stella Asset provides 10% of the total investment as subordinated capital, which absorbs the first 10% of any potential losses in property value.