August 30, 2019
For Immediate Release
Real Estate Investment Trust Securities Issuer
Star Asia Investment Corporation
Representative: Atsushi Kato, Executive Officer(Code: 3468)
Asset Management Company
Star Asia Investment Management Co., Ltd.
Representative:
Atsushi Kato
President and CEO
Contact:
Akiko Kanno
Director and CFO
TEL: +81-3-5425-1340

Notice Regarding Results of Voting for Resolutions
at Sakura Sogo REIT’s General Meeting of Unitholders Convened by Lion Partners GK
Star Asia Investment Corporation (“SAR”) and Star Asia Investment Management Co., Ltd., the asset manager forSAR, received a notice today from Lion Partners GK (Representative Director: Toru Sugihara; “LPGK”), an affiliate ofStar Asia Group. LPGK is the largest unitholder of Sakura Sogo REIT Corporation (“SSR”) holding 16,896 investment
units (approximately 5.1%) of the total investment units of SSR. Details are as follows:1.

Matters resolved at the SSR’s general meeting of unitholders convened by LPGKAt the general meeting of unitholders of SSR held today (August 30, 2019) from 10:00 am (the “GeneralMeeting”), the following matters were resolved. With respect to proposed agenda item 2 and proposed agenda
item 4, an attending unitholder submitted a motion requesting amendment, and therefore, the Deemed
Agreement clauses provided for in Article 93, paragraph 1 of the Act on Investment Trusts and Investment
Corporations and Article 17 of the Articles of Incorporation of SSR were not applied, but both agenda items wereadopted and approved by resolution as per the original proposals. Furthermore, these resolutions were passedwith the attendance of general meeting inspector appointed by the Director General of the Kanto Finance
Bureau, and the general meeting was chaired by Shigeru Kaneda, who is supervisory officer of SSR and a lawyer.
Matters to be resolved
Proposed Agenda Item 1

Proposed Agenda Item 2

Removal of Executive Director Makoto Muranaka
This proposal was discarded, because Makoto Muranaka
resigned on the floor of the meeting.
Appointment of Executive Director Toru Sugihara
Regarding this proposal, an attending unitholder submitted a
motion requesting amendment, requesting to appoint
Tamotsu Hagino as the Executive Director. However, as aresult of taking a vote, the original proposal was approvedand adopted by resolution, and Toru Sugihara was appointedand assumed the post of Executive Director.

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2.

Proposed Agenda Item 3

Cancellation of the asset management entrustment agreementwith Sakura Real Estate Funds Management, Inc.
This proposal was approved and adopted by resolution as per
the original proposal.

Proposed Agenda Item 4Entering into an asset management entrustment agreementwith Star Asia Investment Management Co., Ltd.
Regarding this proposal, an attending unitholder submitted a
motion requesting amendment, requesting to enter into anasset management entrustment agreement with Mitsui
Bussan & Idera Partners Co. Ltd. However, as a result oftaking a vote, the original proposal was approved andadopted by resolution, and signing of an asset management
entrustment agreement with Star Asia Investment
Management Co., Ltd. was approved.

Reference Information
Please also refer to the following press releases for further information.
May 10, 2019
Notice Concerning Proposal for Merger between Sakura Sogo REIT
1Investment Corporation and Star Asia Investment Corporation
May 10, 2019
Supplementary Explanatory Material Regarding Today’s Timely Disclosure (1)2~Proposal Material from the Star Asia Group to all unitholders of Sakura Sogo
REIT Investment Corporation~May 10, 2019
Supplementary Explanatory Material Regarding Today’s Timely Disclosure (2)3~Explanatory Material to all unitholders of Star Asia Investment Corporation~May 16, 2019
Notice Concerning Application for Permission of Holding Sakura Sogo REIT
4
Investment Corporation’s Unitholders’ Meeting by Star Asia Group
June 28, 2019
Star Asia Group Receives Approval to Hold Unitholders’ Meeting of Sakura
5Sogo REIT Investment Corporation
July 1, 2019
Notice Concerning Holding Unitholders' Meeting of Sakura Sogo REIT
6
Investment Corporation by Star Asia Group
July 4, 2019
Lion Partners Files Petition with Tokyo District Court Seeking Injunction Given
Illegal Acts Conducted by the Executive Director of Sakura Sogo REIT (“SSR”).
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Also Takes Other Further Actions to Protect and Defend the Best Interests ofSSR Unitholders
July 5, 2019
Supplementary Explanatory Material Regarding Timely Disclosure announced
8on July 4th, 20199
July 17, 2019
Lion Partners to Acquire Additional Investment Units of Sakura Sogo REIT
July 19, 2019
Lion Partners－Further Increases Amount of Additional Acquisition of Sakura
10Sogo REIT Units－
July 24, 2019
Important Notice Regarding the Sakura Sogo REIT Unitholders’ Meeting to be
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Convened by Lion Partners (Scheduled to begin from 10:00 am on Friday
August 30, 2019 )July 25, 2019
Star Asia Group Supports Nippon Kanzai’s Views on Merger Star Asia Also
12
Strongly Believes Merger Between Star Asia REIT and Sakura Sogo REIT Is in2

July 29, 2019
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15
16

August 2, 2019
August 6, 2019
August 7, 2019
August 7, 2019

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18
19
20
21

August 8, 2019
August 13, 2019
August 14, 2019
August 14, 2019
August 14, 201922

August 14, 2019
23

3.

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August 16, 201925

August 16, 201926

August 28, 2019

the Best Interest of All Unitholders(correction) Star Asia Group Supports Nippon Kanzai’s Views on Merger StarAsia Also Strongly Believes Merger Between Star Asia REIT and Sakura Sogo
REIT Is in the Best Interest of All Unitholders
Notice Concerning Withdraw of Petition filed by LPGK for Injunction of Illegal
Acts Conducted by the Executive Director of Sakura Sogo REIT
Notice Concerning Obtainment of Preferential Negotiation Rights Pertaining
to Acquisition of Assets
Star Asia Group Announces Detailed Proposal for Merger between Sakura
Sogo REIT and Star Asia Investment Corporation
Supplementary Explanatory Material Regarding Today’s Timely Disclosure
Proposal for Merger between Sakura Sogo REIT Investment Corporation andStar Asia Investment Corporation Merger Ratio ~ Star Asia Group’s
Unitholder-Friendly Concept
LPGK Withdraws Petition Filed Seeking Permission to Inspect and Take Copiesof the Meeting Minutes of the Board of Officers of Sakura Sogo REIT
Lion Partners Submits Large Volume Possession Report of Sakura Sogo REIT
Investment Units to Become the Largest Unitholder（Correction）Notice Concerning Obtainment of Preferential Negotiation
Rights Pertaining to Acquisition of Assets（Only available in Japanese）
Lion Partners GK Sends Convocation Notice for Sakura Sogo REIT General
Meeting of Unitholders
Supplementary Explanatory Material Regarding Today’s Timely Disclosure
Treatment of Unitholder Proposal Received from the Parent Company ofSakura Real Estate Funds Management, Inc. for the LPGK-Side Unitholders’Meeting
Supplementary Explanatory Material Regarding Timely Disclosure Announced
on August 7, 2019 Proposal for Merger between Sakura Sogo REIT
Investment Corporation and Star Asia Investment CorporationMerger Ratio ~ Supplementary Explanation Regarding Increased Post-Merger
Distribution
Notice Regarding Lion Partner GK’s Approach towards Sakura Sogo REIT’sDisclosure Document dated August 15, 2019（Only available in Japanese）
Supplementary Explanatory Material Regarding Today’s Timely Disclosure
Proposal for Merger between Sakura Sogo REIT Investment Corporation andStar Asia Investment Corporation Merger Ratio and Post-Merger Distribution（Only available in Japanese）
Notice Regarding Handling of the Motion for Amendment Submitted at SSR's
General Meeting of Unitholders Convened by LPGK
（Only available in Japanese）

Future Policy
If circumstances should arise which warrant further disclosures, such matters shall be disclosed as deemed
appropriate in a timely manner.

＊ SAR HP URL: http://starasia-reit.com

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＊ Star Asia Group HP URL: http://starasiamanagement.com/＊ SAR official YouTube channel URL: https://www.youtube.com/channel/UCYasJn4xrns2fhyZFKMAELw
This is an English translation of the announcement in Japanese dated August 30, 2019. However, no assurance orwarranties are given for the completeness or accuracy of this English translation.

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