List Development Co., Ltd. (President and CEO: Hiroyuki Kiuchi, Head Office: Yokohama, Kanagawa Prefecture), a consolidated subsidiary of List Co., Ltd. (President and CEO: Hisashi Kitami, Head Office: Yokohama, Kanagawa Prefecture), will open the luxury hotel "Aso Retreat HONO by Onko Chishin" (hereinafter referred to as "this property") on November 2, 2026, after fully renovating the existing ryokan acquired in Minami-Aso Village, Kumamoto Prefecture in August 2024 and constructing a new building. Prior to this, accommodation reservations will begin on July 1, 2026. This ryokan revitalization project is the first of its kind for the List Group, with completion scheduled for August 2026. Onko Chishin Co., Ltd. will be responsible for the operation of this property. Guest room completion rendering image *The CG completion rendering image is based on design drawings at the planning stage, and its shape, color, etc., may differ from the actual product. Details of shapes, equipment, piping, etc., have been omitted or simplified for representation. List Development Co., Ltd. (LD) operates under the corporate statement "From here, we deliver 'the real thing' the world can be proud of," and is involved in the development of hotel condominiums and luxury residences. In December 2024, LD opened its first hotel condominium, "La Vigne Hakuba by Onko Chishin" (hereinafter referred to as "LV Hakuba"), in Hakuba Village, Kitaazumi District, Nagano Prefecture. Leveraging the company's expertise in high-end real estate development cultivated through projects like LV Hakuba, this property aims to refresh its room configurations and spatial value by fully renovating the existing building while preserving its structural integrity, and by constructing a new building. It maximizes the rare location on the mid-slope of the Aso Caldera, creating a stay experience where architecture and scenery become one. Furthermore, this property aims to maximize stay value by utilizing local resources