RED PLANET JAPAN ANNOUNCES A SHAREHOLDER BENEFITS PROGRAMME FOR 2020

TOKYO – Red Planet Japan Inc., the Tokyo Stock Exchange listed subsidiary of Bangkok-based Red Planet Hotels, announced a shareholder benefits programme that invites its shareholders to stay at the Company’s hotels across Asia at discounted rates.

The Company’s shareholder benefits programme is designed to reward shareholders’ loyalty as well as offering the opportunity for shareholders to explore the Company’s hotel footprint in Japan, Thailand, Indonesia, and the Philippines.

Through this new programme, Red Planet Japan joins a number of listed corporations in Japan offering perks and discounts to their shareholders. For Red Planet Japan, shareholders holding at least 500 shares at the end of each half-year period shall be eligible for discounts at all Red Planet hotels across Asia. Red Planet’s programme is tiered, so that larger shareholders will be granted greater discounts. Hereby, shareholders owning 500-2,500 shares will receive a 10% discount off the best available rate on Red Planet’s website. Shareholders owning 2,501-10,000 shares will receive a 20% discount, and larger shareholders will receive 30% off. These discounts are in addition to the 10% discount provided to Red Planet Hotels loyalty programme members.

“Our generous shareholder benefits programme is an expression of gratitude to our shareholders, as well as a scheme for them to experience the comfort, technology, and trendiness of our hotels around Asia,” commented Simon Gerovich, Chairman of Red Planet Japan Inc. “As our hotel portfolio grows, our shareholders will have an ever-wider choice of destinations, across Japan and South East Asia, and it is our hope that many of them make use of our discount offer for unlimited room nights.”

For more information, please visit:
https://www.redplanetjapan.com/media/shareholder-benefits

For more information or high-resolution photography, please contact: David Rubenstein
Investor Relations Director
Red Planet Japan Inc.
Tel: +81 80 5835 2066
Email: david.r@redplanethotels.com

About Red Planet Japan, Inc.
Red Planet Japan, Inc. is the JASDAQ-listed Japanese operation of Red Planet Hotels Limited. The company commenced operations in Japan in August 2013 with the opening of Red Planet Okinawa Naha, followed by hotels in Tokyo, Nagoya, and Sapporo. Hotels in Hiroshima and Kyoto are currently under construction. The company intends to acquire another five development sites in 2019. Red Planet Japan has also acquired its parent company’s Thailand-based operations and development sites in Bangkok, Thailand and Manila, Philippines, with three hotels sequenced to open by 2020 and 2021. The Company is listed on the Tokyo Stock Exchange under the ticker symbol 3350.

For more information, please visit: www.redplanetjapan.com

About Red Planet Hotels
Red Planet Hotels, founded in 2010, is a privately-owned regional hotel group focused on Asia’s expanding budget hotel sector. The company operates 31 hotels in Indonesia (7), Japan (6), the Philippines (13), and Thailand (5) for a total of 4,991 rooms. 12 additional hotels, comprising 2,388 rooms, will open across Japan, Thailand, and the Philippines by 2021. These hotels will open using Red Planet’s robust and scalable technology platform, providing both advanced reservation software, ensuring a fast and efficient booking process, and local attraction guides for customers. Red Planet comprises a stylish budget hotel offering, with all its properties centrally located and equipped with high-speed Wi-Fi. Red Planet’s companies based in Jakarta (Red Planet Indonesia - PSKT:IJ) and Tokyo (Red Planet Japan - 3350:JP) are listed on the Indonesian and Japanese stock exchanges, respectively.

For more information, please visit: www.redplanethotels.com