OFA Subsidiary named Preferred Negotiation Rights Holder; long-term land lease of 15–30 years to follow

TORRANCE, Calif., June 25, 2026 (GLOBE NEWSWIRE) -- OFA Group (NASDAQ:OFAL) ("OFA" or the "Company"), an integrated AI-powered architecture, engineering and real estate development company, today announced that its wholly owned subsidiary, OFA Japan Asset Management Co., Ltd., has been selected as the Preferred Negotiation Rights Holder by the City of Choshi, Japan to develop the proposed Choshi Music Park, following a competitive public proposal process.

The City issued formal written notification of its decision on June 22, 2026, signed by Choshi Mayor Shinichi Koshikawa. OFA Japan Asset Management's proposal earned the highest evaluation score from the City's five-member selection committee, securing its designation as Preferred Negotiation Rights Holder.

Under Japanese municipal procedure, selection as Preferred Negotiation Rights Holder completes the public evaluation phase and authorizes the parties to negotiate final implementation terms.