Profile

(as of October 26, 2023)

Company Name

Japan Hotel REIT Advisors Co., Ltd.

Location

Ebisu Neonato 4F, 4-1-18 Ebisu, Shibuya-ku, Tokyo 150-0013 map

Establishment

August 10, 2004

Capital

JPY300MM

Board Members

President & CEO

Hisashi Furukawa

Career Summary

Apr. 1982	Sumitomo Realty & Development Co., Ltd. Building Business Department
Jan. 1984	Subsidiary of Sumitomo Realty & Development Co., Ltd. in the U.S.
Jul. 1990	Morgan Stanley Japan Limited (present, Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.) Executive Director, Real Estate Group, Investment Banking Division
Apr. 2000	Warburg Dillon Read (Japan) Limited (present, UBS Securities Co., Ltd.) Co-head and Executive Director, Real Estate Sector Team, Corporate Finance Division
May 2004	Rockpoint Group, L.L.C Representative, Japan Office and Principal
Jun. 2014	Japan Hotel REIT Advisors Co., Ltd. Representative Director and President
Sep. 2019	Japan Hotel REIT Advisors Co., Ltd. President & CEO (current)

Director of the Board

Toshitaka Ishido

Career Summary

Apr. 1999	Value Management Institute, Inc.
Jul. 2002	KPMG Business Advisory LLC (Tokyo Branch) (present, KPMG FAS Co., Ltd.) Hospitality Advisory Group
Aug. 2003	KPMG FAS Co., Ltd. Manager, Hospitality Group
Sep. 2006	Japan Hotel & Resort K.K. Senior Manager, Acquisitions Department
Apr. 2007	Japan Hotel & Resort K.K. Director and Senior General Manager, Asset Management Department
Apr. 2012	Japan Hotel REIT Advisors Co., Ltd. Senior General Manager, Investment Division and General Manager, Acquisitions
Mar. 2013	Japan Hotel REIT Advisors Co., Ltd. Director, Senior General Manager, Investment Division and General Manager, Acquisitions
Mar. 2015	Japan Hotel REIT Advisors Co., Ltd. Director and Senior General Manager, Investment Division
Sep. 2019	Japan Hotel REIT Advisors Co., Ltd. Director of the Board, Managing Director, Head of Investment Division (current)

Director of the Board

Makoto Hanamura

Career Summary

Apr. 1993	The Fuji Bank, Limited (present, Mizuho Bank, Ltd.) Development Section, Foreign Exchange Department
Apr. 2000	Deloitte Tohmatsu Consulting Co., Ltd. (present, ABeam Consulting Ltd.)
Jan. 2001	Goldman Sachs Realty Japan, Ltd. Director, Transaction Management Department
Apr. 2012	Japan Hotel REIT Advisors Co., Ltd. Senior Manager, Finance and Planning, Finance and Planning Division
May. 2013	Japan Hotel REIT Advisors Co., Ltd. General Manager, Finance, Finance and Accounting Division
Mar. 2015	Japan Hotel REIT Advisors Co., Ltd. General Manager, IR, Operations Division
Sep. 2019	Japan Hotel REIT Advisors Co., Ltd. Executive Director, Head of Planning Group, Operations Division
Jun. 2021	Japan Hotel REIT Advisors Co., Ltd. Director of the Board, Managing Director, Head of Planning Division and Head of Planning Group
Nov. 2021	Japan Hotel REIT Advisors Co., Ltd. Director of the Board, Managing Director, Head of Finance and Planning Division and Head of Planning Group (current)

Director of the Board & Chairman (Part-time)

Suchad Chiaranussati

Career Summary

Oct. 1987	Central Bank of Thailand
Oct. 1991	Temasek Holdings Assistant Manager
Nov. 1992	JP Morgan Vice President
Nov. 1998	Central Bank of Thailand Advisor
Apr. 1999	Westbrook Managing Director and Principal responsible for Asian investment activities
Oct. 2007	SC Management Ltd. Managing Director
May 2010	Rockrise Sdn Bhd Director
Aug. 2010	Japan Hotel REIT Advisors Co., Ltd. Director (part-time)
Mar. 2011	SC Capital Partners Pte. Ltd. (current, SCCP Asset Management Pte. Ltd.) Director (current)
Aug. 2015	SC J-Holdings Pte. Ltd. Director (current)
Oct. 2015	Japan Hotel REIT Advisors Co., Ltd. Director and Chairman (part-time) (current)
Jun. 2021	SCJ One（S）Pte. Ltd. Director (current)

Director of the Board (Part-time)

Chua Keng Kim

Career Summary

Mar. 1988	Government of Singapore Investment Corporation (GIC)
Apr. 1995	Rodamco PACIFIC B.V./Rodamco Asia N.V. Managing Director and Head of Investment Management
Jun. 2007	Travelsky Technology Ltd. independent Non-Executive Director and member of the Audit Committee
Nov. 2007	Stonegate China Properties Limited CEO
Sep. 2008	SC Management Ltd. Managing Director
Aug. 2010	Japan Hotel REIT Advisors Co., Ltd. Director (part-time) (current)
Aug. 2013	SC Core Manager Pte. Ltd. (present, SC J-Holdings Pte. Ltd.) Director (current)
Dec. 2015	SC Capital Partners Pte. Ltd. (present, SCCP Asset Management Pte. Ltd.) Director (current)
Mar. 2022	SCJ One (S) Pte. Ltd. Director (current)

Director of the Board (Part-time)

Hiroyuki Aoki

Career Summary

Sep. 1994	Deloitte & Touche LLP, New York Office Accounting & Audit Department
Jun. 1997	Ingersoll-Rand Headquarters Internal Audit Department
Nov. 2001	Arthur Andersen LLP (present, KPMG Tax Corporation)
Jul. 2002	Ripplewood Holdings LLC Vice President, Hotel Investment Group
Aug. 2005	Creative Renovation Group Japan, Inc. Vice President, Finance
Jan. 2008	Tokyo Venture Gear Co. Ltd. Director
Nov. 2011	RE Capital Services Japan Co., Ltd. (present, SC Capital Partners Japan Co. Ltd.) Representative Director (current)
Dec. 2011	Japan Hotel & Resort K.K. Statutory Auditor (part-time)
Apr. 2012	Japan Hotel REIT Advisors Co., Ltd. Director (part-time)
Sep. 2019	Japan Hotel REIT Advisors Co., Ltd. Director of the Board (part-time) (current)

Auditor (Part-time)

Sumiko Iwadate

Career Summary

Apr. 1991	Morgan Stanley Japan Limited (present, Mitsubishi UFJ Morgan Staley Securities Co., Ltd.) Investment Banking Department
Apr. 1995	Morgan Stanley Japan Limited (present, Mitsubishi UFJ Morgan Staley Securities Co., Ltd.) Public Relations Department
Dec. 2000	Morgan Stanley Japan Limited (present, Mitsubishi UFJ Morgan Staley Securities Co., Ltd.) Vice President, Public Relations Department
Jun. 2006	Goldman Sachs Japan Co., Ltd. Vice President, Head of the Public Relations Department
Jun. 2014	Organization for Small & Medium Enterprises and Regional Innovation, JAPAN Head of the Public Relations Office, Planning Department
Apr. 2019	International Finance Corporation (IFC) Senior Communications Officer (part-time) (current)
Mar. 2021	Japan Hotel REIT Advisors Co., Ltd. Auditor (part-time) (current)

Management
Members

President & CEO

Hisashi Furukawa

Director of the Board, Managing Director,
Head of Investment Division

Toshitaka Ishido

Director of the Board, Managing Director,
Head of Finance and Planning Division
and Head of Planning Group

Makoto Hanamaura

Executive Director, Head of Public REIT Group,
Investment Division

Hiroki Fukasawa

Career Summary

Apr. 1991	The Chuo Mitsui Trust and Banking Company, Limited. (present, Sumitomo Mitsui Trust Bank, Limited.)
Mar. 2006	Sumisho Lease Co., Ltd. (present, Sumitomo Mitsui Finance and Leasing Co., Ltd)
May 2007	Japan Hotel REIT Advisors Co., Ltd.
Jan. 2009	Japan Hotel REIT Advisors Co., Ltd. General Manager, Investment Department
Apr. 2012	Japan Hotel REIT Advisors Co., Ltd. General Manager, Asset Management, Investment Division
Jun. 2018	Japan Hotel REIT Advisors Co., Ltd. General Manager, Public REIT, Investment Division
Sep. 2019	Japan Hotel REIT Advisors Co., Ltd. Executive Director, Head of Public REIT Group, Investment Division (current)

Executive Director, Head of Acquisition Group,
Investment Division

Shigeo Nakazato

Career Summary

Apr. 1997	Japan Real Estate Institute Appraisal Section, Osaka branch
Apr. 2001	Japan Real Estate Institute Consultant Department
May 2007	Goldman Sachs Realty Japan, Ltd. Acquisition Department
May 2011	Japan Hotel & Resort K.K. (secondment) Manager, Acquisition Department, Investment Division
Oct. 2011	Japan Hotel & Resort K.K. (transfer) Manager, Acquisition Department, Investment Division
Apr. 2012	Japan Hotel REIT Advisors Co., Ltd. Manager, Acquisition Department, Investment Division
Jan. 2013	Japan Hotel REIT Advisors Co., Ltd. Senior Manager, Acquisition Department, Investment Division
Sep. 2019	Japan Hotel REIT Advisors Co., Ltd. Director, Acquisition Group, Investment Division
Jan. 2020	Japan Hotel REIT Advisors Co., Ltd. Executive Director, Acquisition Group, Investment Division
Feb. 2020	Japan Hotel REIT Advisors Co., Ltd. Executive Director, Head of Acquisition Group, Investment Division (current)

Executive Director, Head of Private Fund Group 1,
Investment Division

Azuma Takeda

Career Summary

Apr. 1995	L Kakuei Corp. (present, Haseko Real Estate Development Holdings Inc.)
Oct. 1999	Kineda Appraisal Corporation
Oct. 2000	Land Coordinating Research inc
Sep. 2003	Hudson Japan Servicer K.K.(present, Hudson Japan KK) Vice President, Valuation Department
Nov. 2009	Hudson Japan Servicer K.K.(present, Hudson Japan KK) Vice President, Hotel Operation Department
May 2016	Japan Hotel REIT Advisors Co., Ltd. Senior Manager, Acquisitions, Investment Division
Jul. 2018	Japan Hotel REIT Advisors Co., Ltd. General Manager, Private Fund, Investment Division
Sep. 2019	Japan Hotel REIT Advisors Co., Ltd. Executive Director, Head of Private Fund Group, Investment Division
Oct. 2023	Japan Hotel REIT Advisors Co., Ltd. Executive Director, Head of Private Fund Group 1, Investment Division (current)

Executive Director, Head of Private Fund Group 2,
Investment Division

Masaru Yokoi

Career Summary

Apr. 1991	Industrial Bank of Japan, Ltd. (present, Mizuho Bank, Ltd)
Sep. 2003	Mitsubishi Jisho Investment Advisors, Inc. Chief Manager, Transaction Advisory Dept.
Sep. 2006	Wealth Management, Inc. (present, Richesse Management, Inc.) Managing Director
Jul. 2013	Dreamvisor Holdings, Inc. (present, Wealth Management, Inc.) Senior Executive Officer
Oct. 2014	Nippon Ski Resort Development, Co., Ltd. Director
Nov. 2015	Hare Ski Resort, Co., Ltd. Chief Executive Officer
Apr. 2020	Rikkyo University, College of Business, Dept. of Global Business Adjunct Professor (current)
Feb. 2023	Japan Hotel REIT Advisors Co., Ltd. Director, Compliance Office
Aug. 2023	Japan Hotel REIT Advisors Co., Ltd. Executive Director, Private Fund Group, Investment Division
Oct. 2023	Japan Hotel REIT Advisors Co., Ltd. Executive Director, Head of Private Fund Group 2, Investment Division (current)

Executive Director, Head of Special Projects,
Investment Division

Yasuhiro Nishiwaki

Career Summary

Apr. 1999	MORI TRUST CO., LTD. Product Development Section, Sales Department
Nov. 2001	MORI TRUST CO., LTD. Purchasing Department
Dec. 2009	MORI TRUST CO., LTD. Hotel Asset Division and Pre-Opening Office of The Westin Sendai
Oct. 2010	MORI TRUST CO., LTD. Manager, Hotel Asset Division
Oct. 2011	MORI TRUST CO., LTD. Manager, Hotel Asset Division and Mori Trust Hotels & Resorts Co., Ltd. Manager, Innovation Business Department
May. 2015	Japan Hotel REIT Advisors Co., Ltd. Senior Manager, Asset Management Department (present, Public REIT Department), Investment Division
Apr. 2019	Japan Hotel REIT Advisors Co., Ltd. General Manager of Investment Division
Sep. 2019	Japan Hotel REIT Advisors Co., Ltd. Executive Director, Head of Special Projects, Investment Division (current)

Executive Director, Head of Accounting Group,
Finance and Planning Division

Tomoko Nakakuki

Career Summary

Aug. 2002	TEIKOKU DATABANK, LTD
Mar. 2005	Global Alliance Realty Co., Ltd.
Aug. 2017	Japan Hotel REIT Advisors Co., Ltd. Manager, Accounting Group, Operations Division
Jan. 2019	Japan Hotel REIT Advisors Co., Ltd. Senior Manager, Accounting Group, Operations Division
Sep. 2019	Japan Hotel REIT Advisors Co., Ltd. Director, Accounting Group, Operations Division
Jun. 2021	Japan Hotel REIT Advisors Co., Ltd. Director, Finance & Accounting Group, Operations Division
Nov. 2021	Japan Hotel REIT Advisors Co., Ltd. Director, Deputy Head, Finance & Accounting Group, Finance and Planning Division
Jul. 2022	Japan Hotel REIT Advisors Co., Ltd. Executive Director, Head of Accounting Group, Finance and Planning Division (Current)

Executive Director, Business Promotion Officer
and Head of Finance Group,
Finance and Planning Division

Noboru Itabashi

Career Summary

Apr. 1995	Asahi Sangyo Kaisha, Ltd. Fabricated Metals Department
Jan. 1998	Rothmans Japan（present, British American Tobacco Japan, Ltd.） Finance Department
Aug. 1999	Sun Microsystems K.K. (present, Oracle Information Systems Japan G.K.) Field Finance Division
Sep. 2006	Japan Hotel & Resort K.K. Senior Manager, Finance and Accounting Division
Apr. 2007	Japan Hotel & Resort K.K. Senior General Manager, Operations Division
Apr. 2012	Japan Hotel REIT Advisors Co., Ltd. General Manager, Accounting, Operations Division
Mar. 2015	Japan Hotel REIT Advisors Co., Ltd. Director, Senior General Manager, Operations Division and General Manager, Accounting
Jun. 2019	Japan Hotel REIT Advisors Co., Ltd. Director, Senior General Manager, Operations Division General Manager, Finance
Sep. 2019	Japan Hotel REIT Advisors Co., Ltd. Managing Director, Director of the Board, Head of Operations Division and Head of Finance Group
Mar. 2021	Japan Hotel REIT Advisors Co., Ltd. Managing Director, Director of the Board, Head of Operations Division and Head of Finance Group and Head of Personnel & Administration Group
Jun. 2021	Japan Hotel REIT Advisors Co., Ltd. Managing Director, Director of the Board, Head of Operations Division, Head of Finance & Accounting Group and Head of Personnel & Administration Group
Aug. 2021	Japan Hotel REIT Advisors Co., Ltd. Managing Director, Director of the Board, Head of Operations Division, Head of Finance & Accounting Group
Nov. 2021	Japan Hotel REIT Advisors Co., Ltd. Executive Director, Business Promotion Officer and Head of Finance & Accounting Group, Finance and Planning Division
Jul. 2022	Japan Hotel REIT Advisors Co., Ltd. Executive Director, Business Promotion Officer and Head of Finance Group, Finance and Planning Division (current)

Executive Director, Head of Personnel &
Administration Group

Hiroo Ishikawa

Career Summary

Apr. 1995	The Yamanashi Chuo Bank, Ltd.
Mar. 1998	TAC Co., Ltd.
Jul. 2005	The Association for Real Estate Securitization
Apr. 2012	Institute of Real Estate Studies, WASEDA University Invited Researcher (current)
Apr. 2016	Graduate School of Finance, Accounting and Law (present, Graduate School of Business and Finance), WASEDA University Part-time lecturer (current)
Apr. 2021	Japan Hotel REIT Advisors Co., Ltd. Director, Personnel & Administration Group, Operations Division
Aug. 2021	Japan Hotel REIT Advisors Co., Ltd. Executive Director, Head of Personnel & Administration Group, Operations Division
Nov. 2021	Japan Hotel REIT Advisors Co., Ltd. Executive Director, Head of Personnel & Administration Group (current)

Compliance Officer

Masahiro Kimura

Career Summary

Apr. 1981	Nomura Securities Co., Ltd.
Jun. 1987	Nomura Babcock & Brown Co., Ltd. (secondment) Eastdil Realty, Inc. (present, Eastdil Secured, LLC) (New York) (secondment)
Apr. 1994	Nomura Babcock & Brown Real Estate, Inc. (secondment) Vice President
Jan. 1995	Nomura Babcock & Brown Real Estate, Inc. (secondment) President
Jun. 1995	Nomura Securities Co., Ltd. Manager, New Products Department
Jun. 1997	Nomura Securities Co., Ltd. Manager, Asset Back Securities, Fixed Income Department
Jun. 1999	The Capital Company of America LLC (secondment) Managing Director
Jan. 2001	Nomura Securities Co., Ltd. Manager, Real Estate Products Department
Jun. 2003	Nomura Securities Co., Ltd. Deputy General Manager, Asset Finance Department
Dec. 2006	Shinsei Bank, Limited. Shinsei Securities Co., Ltd. (secondment) General Manager, Capital Markets Department
Jul. 2007	Shinsei Investment Management Co., Ltd. (secondment) General Manager, New Products Department
Nov. 2007	Shinsei Investment Management Co., Ltd. (secondment) Division Head, Monetary Claims Investment Division and General Manager, New Products Department
Oct. 2010	Japan Hotel REIT Advisors Co., Ltd.
Nov. 2010	Japan Hotel REIT Advisors Co., Ltd. Compliance Officer
Jul. 2020	Japan Hotel REIT Advisors Co., Ltd. Senior Advisor
Nov. 2021	Japan Hotel REIT Advisors Co., Ltd. Business Promotion Office, Senior Advisor
Apr. 2022	Japan Hotel REIT Advisors Co., Ltd. Compliance Officer (current)

Shareholders

SCJ One (S) Pte. Ltd.^(*)	87.6%
Kyoritsu Maintenance Co., Ltd.	10.3%
ORIX Corporation	2.1%

Registration
and Licenses

Building Lots and Buildings Transaction Business Operator, Governor of Tokyo (4) No. 83613
Discretionary Transaction Agent by Minister of Land, Infrastructure, Transport and Tourism No. 38
Financial Instruments Business Operator, Director-General of Kanto Local Finance Bureau No. 334
Member of The Investment Trusts Association, Japan
Member of The Japan Investment Advisers Association

(*)	SCJ One (S) Pte. Ltd. is a corporation belonging to SC Capital Partners group. SC Capital Partners group, which includes SC Capital Partners Pte. Ltd. based in Singapore (Founder and Chairman: Suchad Chiaranussati), is an independent investment management company which focuses on Asian and Oceanian real estate markets.

History

(as of September 25, 2019)

August 10, 2004	Established Japan Hotel REIT Advisors, Co., Ltd. (JHRA)
September 24, 2004	Obtained the Real Estate Brokerage license (License Number: The Governor of Tokyo No. (4) 83613)
June 29, 2005	Obtained approval for entrustment-based agency services for transactions license, etc. based on the Real Estate Brokerage Act (Approval Number : Minister of Land, Infrastructure, Transport and Tourism Approval, No.38)
October 4, 2005	Obtained approval for asset management business of investment corporation based on the Act on Investment Trust and Investment Corporations prior to enforcement of amendment of the Act for Partial Revision of the Securities and Exchange Act, etc. (Act No. 65 of 2006) (Approval Number : The Prime Minister No. 54)
September 30, 2007	Deemed registration for an investment management business (*1) (Registration Number : Director of Kanto Local Finance Bureau (Kinsho), No. 334)
April 1, 2012	Merged with Japan Hotel & Resort K.K. (*2)
June 19, 2018	Registration for initiation of investment advisory business (*3)
July 17, 2018	Submitted modification of Statement of Operational Procedures for initiation of investment advisory business and discretionary investment management business (*3)

(*1)	JHRA was eligible under the supplementary provisions of the Article 159, paragraph (1) of the Act for Partial Revision of the Securities and Exchange Act (Act No. 65 of 2008) and JHRA is deemed to have received the registration as a financial instruments business operator who execute the investment management business on September 30, 2007. JHRA submitted the documents specified in the same supplementary provisions of the Article 159, paragraph 2 to the Prime Minister on November 15, 2007.
(*2)	JHRA executed absorption-type merger on April 1 2012 as the effective date under the merger, JHRA was the surviving company and Japan Hotel and Resort K.K., the former asset management company of Japan Hotel & Resort, Inc. was the resolving company.
(*3)	JHRA submitted amendment of registration to the Financial Securities Agent on June 19, 2018 in order to commence investment advisory business for funds and clients other than JHR, and it was approved on the same day. Along with investment advisory business, in order to initiate discretionary investment management business, we decided to change our internal organization etc. for two new businesses, and submitted the modification, etc. of Statement of Operational Procedures on July 17, 2018.

Organization

(as of October 26, 2023)

Shareholders Meeting
Auditor
Board of Directors
Investment and Operation Committee
Compliance Committee
President & CEO
Compliance Office
Business Promotion Office
Personnel &
Administration Group
Investment Division
Finance and Planning Division
Acquisitions
Group
Public REIT
Group
Private Fund
Group 1
Private Fund
Group 2
Planning
Group
Finance
Group
Accounting
Group

【Click the name of each Group in the organization chart above to see the main business of each department.】

Acquisitions Group	Business related to market research and analysis of real estate and hotel, etc. Business related to execution of business plan for property acquisition and disposition Business related to development of properties to be acquired and due diligence of investment opportunities, etc. Business related to negotiation of target properties to be acquired or to be disposed, and conclusion of related contract

Public REIT Group	Business related to acquisition and disposition of assets under management by investment corporation Business related to conclusion and management, etc. of contract, etc. related to assets under management by investment corporation Business related to building management, CAPEX and evaluation, etc. of assets under management by investment corporation Business related to development and management of management plan, and monitoring, etc. of operating status of assets under management by investment corporation

Private Fund Group 1 Private Fund Group 2	Business related to acquisition and disposition of assets under management by private fund Business related to conclusion and management, etc. of contract, etc. related to assets under management by private fund Business related to building management, CAPEX and evaluation, etc. of assets under management by private fund Business related to developing and management of operating plan, and monitoring, etc. of operating status of assets under management by private fund Business related to advice on loan and bond issurance by customers in relation with assets under management by private fund Business related to selection of a company who executes offering of private fund, providing of information to such company and communication with private fund investors

Planning Group	Business related to corporate planning as a whole (annual management policy, etc.) Business related to investor relations and communications with investors and analysts Business related to development of plans including issuance of investment unit Business related to formulation of ESG-related policies, targets, action plans, etc. Business related to formulation of management plans, management, operation and analysis of a whole portfolio and risk management Business related to research and analysis of REIT market and financial market, etc. Business related to management and operation of website for investment corporation and asset management company

Finance Group	Business related to fund procurement (borrowing, issuance of investment corporation bond and new investment unit, etc.) of investment corporation Business related to developing a funding plan and managing funds (including surplus funds) for investment corporation Business related to receiving and maintaining of credit ratings of investment corporation and communicating with credit rating agencies

Accounting Group	Business related to accounting, financial settlements, tax reporting and handing audits for investment corporation and asset management company Business related to preparation of disclosure-related documents, such as securities reports and financial reports of investment corporation Business related to preparation of budget and management of operating results of investment corporation and asset management company Business related to fund management, expense settlement, etc. of asset management company

Personnel & Administration Group	Business related to operation of various meetings, etc. of investment corporation and asset management company Business related to communication with regulatory authorities and relevant authorities for investment corporation and assetmanagement company Business related to general affairs, administrative affairs and management of information system of asset management company Business related to planning of personnel affairs such as arrangement of personnel system and organization etc. of asset management company

Compliance Office	Business related to developing a policy for compliance, preparing and maintaining compliance system, supervising and training, etc. related to compliance Business related to management, etc. of sensitive cooperate information, personal information and confidential information Business related to internal audit and administrative inspection, etc. Business related to handling of complaint and conflict

Business Promotion Office	Business related to establishment of relationship with parties in real estate market (including owners, investors and lenders.) Business related to planning and proposal of new business Business related to controlling, adjustment and other actions for the projects which involved by multiple departments