SUN Digital Transformation Inc.

Established.

Organizational change to White Trading Co., Ltd. (a financial consulting company in Katsushika-ku, Tokyo)

Changed name to San Capital Management Co., Ltd. and fully entered investment fund management business as an investment company.

Established a venture investment fund aimed at investing in venture companies.

Established a recovery investment fund aimed at investing in recovery companies.

Formed a real estate investment fund aimed at investing in a bulk of non-performing loans.

Established a real estate investment fund utilizing non-recourse loans.

Renovated listed company employee housing into a condominium and established a real estate investment fund aimed at investing in the property.

Formed a real estate investment fund aimed at investing in legally compliant conversion properties.

Relocated headquarters to Kita-ku, Osaka City.

Established Hokuto No.15 Investment Business LLC (Kita-ku, Osaka City), a consolidated subsidiary.

Acquired the golf course "Tottori Country Club" for investment purposes.

Listed shares on the Osaka Securities Exchange Nippon New Market – "Heracles".

Established San Asset Management Co., Ltd. (Kita-ku, Osaka City) as a consolidated subsidiary engaged in asset management.

Established Kurabito LLC (Kita-ku, Osaka City) as an affiliated company applying the equity method.

Acquired 50% of the issued shares of Grand Hotel Matsumoto Co., Ltd. (Shirakawa City, Ishikawa Prefecture) and consolidated it as a subsidiary.

San Asset Management Co., Ltd. completed registration as a comprehensive real estate investment advisory firm.

San Asset Management Co., Ltd. completed registration as a financial instrument business operator (second type financial transaction business, investment management business, investment advice & agency business).

Reorganization of the company's group structure.

Established San Asset Management Co., Ltd. Tokyo Branch (Yurakucho, Chiyoda-ku).

Entered into a capital and business alliance with IS Holdings Co., Ltd.

Relocated San Asset Management Co., Ltd.'s headquarters to Tokyo.

Established SS Developments LLP (Chuo-ku, Osaka City) as an LLP engaged in development and sale of investment apartments.

Separated the operation of the golf course "Tottori Country Club" owned by the company through a corporate split and established a new company, Tottori Country Club Co., Ltd. (Tottori City).

Relocated headquarters to the current location.

Established San HE Co., Ltd. to pursue environmental-related business initiatives.

Established NQ Yatai Village LLP (currently a consolidated subsidiary in Chuo-ku, Osaka) to manage and operate a street food market.

Established NQ Yatai Village LLC (currently a consolidated subsidiary in Chuo-ku, Osaka) to manage and operate a street food market.

Established San Capital Management Co., Ltd.'s Tokyo office (Yurakucho, Chiyoda-ku).

Established San Capital Management Co., Ltd.'s Kitakyushu office (Kokura Kita-ku, Kitakyushu City).

Changed the company name from NQ Yatai Village LLP to NQ Yatai Street LLP.

Moved the headquarters of NQ Yatai Village LLP to Kitakyushu City, Fukuoka Prefecture.

SS Developments LLP (Chuo-ku, Osaka) dissolved and liquidated.

By transferring the shares of SCM SOUTHRIDGE LLC (now AAI LEASING LLC), the company was excluded from the consolidated subsidiaries.

By transferring shares of San Asset Management Co., Ltd. (now Sumti Asset Co., Ltd.), the company and Spring Investment LLP were excluded from the consolidated subsidiaries.

SUN Digital Transformation Inc. (Osaka City Yodogawa Ward, currently a consolidated subsidiary) established

Established San Realty Co., Ltd. (currently a consolidated subsidiary in Chuo-ku, Osaka).

Changed to Kitahama Capital Partners Co., Ltd.

On July 1, 2024, the company name was changed to Kitahama Capital Partners Co., Ltd., adopting the name Kitahama.