April 16, 2024

Provisional translation only

Fukuoka REIT Corporation
1-2-25 Sumiyoshi, Hakata Ward, Fukuoka City
Zenji Koike
Executive Director(Securities Code: 8968)
Asset Management Company:
Fukuoka Realty Co., Ltd.
1-2-25 Sumiyoshi, Hakata Ward, Fukuoka City
Zenji Koike
President and CEO
Inquiries:
Hiroyuki Ayabe
Executive Officer and General Manager
Finance Department
TEL: +81-(0)92-272-3900

Notice Concerning Amendment of Articles of Incorporation and Appointment of Directors
Fukuoka REIT Corporation (FRC) hereby provides that, at its board of directors meeting held today, FRC resolved thatagenda concerning the amendment of its Articles of Incorporation and the appointment of its directors be presented toits 11th General Meeting of Unitholders to be held on May 22, 2024 as follows, which items shall become effective
upon their resolution and approval at said General Meeting of Unitholders.
1． Major Contents and Rationales of Partial Amendments of Articles of Incorporation(1) In accordance with the enforcement of the amendment provisions stipulated in the proviso to Article 1 of the
Supplementary Provisions of the Act Partially Amending the Companies Act (Act No. 70 of 2019) and item (iii) of
the Supplementary Provisions of the Act on Arrangement of Relevant Acts Incidental to the Enforcement of the Act
Partially Amending the Companies Act (Act No. 71 of 2019; hereinafter referred to as the “Accommodation Act”)(including amendment provisions of the Act on Investment Trusts and Investment Corporations, etc. relating
thereto) on September 1, 2022, an amendment is deemed to have been made to the FRC’s Articles of Incorporation
stating that information contained in reference documents for general meetings of unitholders, etc. shall be provided
electronically as of September 1, 2022, pursuant to Article 10, paragraph (9) of the Accommodation Act. For the
purpose of clarification, corresponding provisions are to be newly established in the FRC’s Articles of Incorporation(proposed changes (attached) related to Article 11) to set forth said amendment as well as to stipulate that all or partof the matters, for which electronic provision measures are to be taken as provided for in the applicable Cabinet
Office Ordinance, may be excluded from being stated in the paper-based documents to be delivered to unitholders
who have made a request for such documents.
(2) In association with the adoption of the “Accounting Standard for Financial Instruments” (ASBJ Statement No. 10)(including related newly enacted or revised accounting standards and application guidelines, etc.), the necessarychanges concerning the valuation method of assets are to be implemented (proposed changes (attached) related to
Article 34).
2． Appointment of Directors
As the term of office of the executive director, Zenji Koike, the supervisory directors, Yasuo Kawasho and Takashi
Tanabe, will expire as of May 28, 2024, we submit a proposal for the appointment (incl. reappointment) of executive
director, Yukitaka Ohra, the supervisory directors, Masahiro Uchida and Takashi Tanabe. Also, in preparation for any
vacancy in the position of executive director or any shortfall in the legally required number of executive directors, we
submit a proposal for the appointment (incl. reappointment) of the substitute executive director candidate, Zenji Koike,and the substitute supervisory director, Yoshihide Mishima.
(For more details regarding the appointment of directors, please refer to the “Notice Concerning the 11th General
Meeting of Unitholders” attached.
-1-3． Schedule
April 16, 2024 The Board of Director’s approval for resolutions to be submitted to the 11th General Meeting ofUnitholders
May 01, 2024 Delivery of Convocation Notice for the 11th General Meeting of Unitholders (scheduled)
May 22, 2024 Holding of the 11th General Meeting of Unitholders (scheduled)
Attachment “Notice Concerning the 11th General Meeting of Unitholders”*FRC’s website is https://www.fukuoka-reit.jp/en/index.htm-2-

(Securities Code: 8968)(Date Sent) May 1, 2024
(Start Date of Electronic Provision Measures) April 26, 2024

To Our Unitholders

Notice Concerning the 11th General Meeting of Unitholders
You are cordially invited to attend the 11th General Meeting of Unitholders of Fukuoka REIT Corporation (FRC). The
Meeting will be held as described below.
Unitholders may exercise their voting rights at the General Meeting of Unitholders in writing. Please take the time toreview the Reference Documents for the General Meeting of Unitholders below, indicate your approval or disapprovalof the proposals in the enclosed voting form, and send it so that it arrives by 5:30 p.m. on Tuesday, May 21, 2024.
In addition, FRC established the provision of “deemed approval” in Article 18 of the current Articles of Incorporation
pursuant to Article 93.1, of the Investment Trusts and Investment Corporations Law. Accordingly (Act No. 198 of1951), if you are unable to attend the Meeting and are unable to vote using the Voting Rights Exercise Form, please
be aware that you will be deemed as having attended and approved each of the proposals at the general meeting ofunitholders, except in the cases stipulated in Article 18, Paragraph 1 (in parentheses) and Paragraph 3 of the current
Articles of Incorporation.
(Excerpt from FRC’s Current Articles of Incorporation)
Article 18 (Deemed Approval)
1. Unitholder non-attendance at the General Meeting of Unitholders and non-voting shall be deemed as unitholder
approval of agenda items submitted to the General Meeting of Unitholders (when multiple agenda items have been
submitted, if any are contradictory, said agenda items shall be omitted).
2. The unitholder votes deemed as having approved agenda items according to the preceding Paragraph will be added
to the votes cast by attending unitholders.
3. The provisions of the preceding two paragraphs shall not apply where (i) within two weeks from the earlier of thedate on which the Investment Corporation announces on its website or the date on which the person who has the rightto convene the meeting announces in a similar manner that a proposal concerning one of the following items will be
submitted to the general meeting of unitholders, unitholders who have continuously held investment units of at least
1% of the total number of investment units issued and outstanding for six months or more notify the Investment
Corporation (or both the Investment Corporation and the person who has the right to convene the meeting, if theperson who has the right to convene the meeting is not an executive director or supervisory director) of theiropposition to the proposal or (ii) the Investment Corporation states in the notice of convocation or announces on its
website its opposition to a proposal concerning one of the following items.
(1)
Appointment or dismissal of executive directors or supervisory directors(2)
Signing or cancelling of asset management agreements with the asset management company(3)
Dissolution(4)
Merging of investment units(5)
Waiver of responsibility of executive directors, supervisory directors, or accounting auditors(6)
Approval of absorption-type or consolidation-type merger agreements
4. Provisions in paragraph 1 and 2 do not apply to the proposal to amend this article.
Please note that, in convening the General Unitholders’ Meeting, FRC has taken measures for electronic provision of
the information contained in the Reference Materials for General Unitholders’ Meeting, etc. (the electronic provision
measures), which are posted as the “Notice Concerning the 11th General Meeting of Unitholders” on FRC’s website
on the Internet and thus available to check by accessing FRC’s corporate website below. All unitholders are also sent
the reference documents for the General Meeting of Unitholders and other documents in paper format, regardless of-3-

whether or not they have requested delivery of the documents be in paper format.
Investment Corporation’s website:
https://www.fukuoka-reit.jp/en/ir/investor.html
In addition to the above website, the electronic provision measures are posted on the website of the Tokyo Stock
Exchange (TSE). To view them, access the TSE website indicated below (TSE Listed Company Search), enter the issuename (investment corporation name) or securities code, click “Search,” and then select: “Basic information”,“Documents for public inspection/PR information”, “Notice of General Investors Meeting /Informational Materials for
a General Investors Meeting.”
TSE website (TSE Listed Company Search):https://www2.jpx.co.jp/tseHpFront/JJK010010Action.do?Show=Show
Meeting Details
1. Date and Time : Wednesday, May 22, 2024 10:00am
2. Venue : Grand Hyatt Fukuoka 2F Savoy, 1-2-82 Sumiyoshi, Hakata Ward, Fukuoka City

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3. Agenda of the General Meeting of Unitholders
Matters for Resolution
Proposal No. 1 Partial Amendments of Articles of Incorporation
Proposal No. 2 Election of One Executive Director
Proposal No. 3 Election of Two Supervisory Directors
Proposal No. 4 Election of One Substitute Executive Director
Proposal No. 5 Election of One Substitute Supervisory Director

End◎Upon your attendance on the day, please submit the enclosed voting form to the reception at the venue.
◎If exercising voting rights by proxy, you are entitled to have one other unitholder with voting rights attend the General
Meeting of Unitholders as your proxy. Please submit a document evidencing the authority of proxy, along with thevoting form, to the reception at the venue.
◎Upon attendance, please bring this notice of convocation to help save resources.
◎If your Form for Exercising Voting Rights is returned to us but your vote for or against each of the proposals is notindicated, you will be deemed to have approved FRC’s proposals.
◎Method to notify amendments to the electronic provision measures : If any change is made to the electronic provision
measures, we will post the measures before the change and the measures after the change on FRC’s website(https://www.fukuoka-reit.jp/en/index.html) on the Internet and the TSE website mentioned above. We ask for yourunderstanding.
◎On the same day of the General Meeting of Unitholders, a Management Performance Briefing will be held by FRC’s
asset management company, Fukuoka Realty Co., Ltd., at the same venue after the closing of the General Meetingof Unitholders. FRC kindly asks that you also attend the briefing.

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Reference Documents for the General Meeting of Unitholders
Proposals and Reference Matters
Proposal No. 1: Partial Amendments of the Articles of Incorporation
1. Reason for Amendment(1) In accordance with the enforcement of the amendment provisions stipulated in the proviso to Article 1 of the
Supplementary Provisions of the Act Partially Amending the Companies Act (Act No. 70 of 2019) and item (iii) of
the Supplementary Provisions of the Act on Arrangement of Relevant Acts Incidental to the Enforcement of the Act
Partially Amending the Companies Act (Act No. 71 of 2019; hereinafter referred to as the “Accommodation Act”)(including amendment provisions of the Act on Investment Trusts and Investment Corporations, etc. relating
thereto) on September 1, 2022, an amendment is deemed to have been made to the FRC’s Articles of Incorporation
stating that information contained in reference documents for general meetings of unitholders, etc. shall be provided
electronically as of September 1, 2022, pursuant to Article 10, paragraph (9) of the Accommodation Act. For the
purpose of clarification, corresponding provisions are to be newly established in the FRC’s Articles of Incorporation(related to Article 11) to set forth said amendment as well as to stipulate that all or part of the matters, for whichelectronic provision measures are to be taken as provided for in the applicable Cabinet Office Ordinance, may be
excluded from being stated in the paper-based documents to be delivered to unitholders who have made a request
for such documents.
(2) In association with the adoption of the “Accounting Standard for Financial Instruments” (ASBJ Statement No. 10)(including related newly enacted or revised accounting standards and application guidelines, etc.), the necessarychanges concerning the valuation method of assets are to be implemented (related to Article 34).

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2. Details of Amendment
The details of the amendment are as follows.
Current articles of incorporation(Public announcement and notice of convocationof general meetings of unitholders)
Article 11
When convening a general meeting ofunitholders, a public announcement of the dateof such meeting shall be made at least twomonths prior to such date, followed by issuing a
notice to each unitholder, either in writing atleast two weeks before such date. However, nosuch public announcement shall be required fora general meeting of unitholders scheduled totake place within 25 months from the date of theimmediately preceding general meeting ofunitholders held in accordance with theprovisions outlined in the first sentence ofArticle 9.

(The amended parts are underlined)
Proposed amendments(Public announcement and notice ofconvocation of general meetings of unitholders)
Article 11
When convening a general meeting ofunitholders, a public announcement of the dateof such meeting shall be made at least twomonths prior to such date, followed by issuinga notice to each unitholder, either in writing or
via electronic or magnetic means in accordancewith laws and regulations, at least two weeks
before such date. However, no such publicannouncement shall be required for a general
meeting of unitholders scheduled to take place
within 25 months from the date of theimmediately preceding general meeting ofunitholders held in accordance with theprovisions outlined in the first sentence ofArticle 9.

(Newly established)

2. (Newly established)
When convening a general meeting ofunitholders, FRC shall implement electronic
provision measures to provide information
contained in the reference documents for the
meeting and other related materials.

(Newly established)

3. (Newly established)
FRC may choose to exclude all or part of thematters, for which electronic provision
measures are to be taken as provided for in theapplicable Cabinet Office Ordinance, frombeing stated in the paper-based documents to bedelivered to unitholders who have made arequest for such documents by the record date
for voting rights.

(Method of asset valuation, standard, record
date)
Article 34(1) (Omitted)(2) (Omitted)(3) Real estate-backed securities stipulated in
Article 31, Paragraph 3
If there is a market price for the real estatebacked securities, it shall be evaluated withthe value based on the market price. (Thisincludes prices on financial instruments
exchanges, prices publicly announced by the
securities dealers’ association and others, and(Method of asset valuation, standard, record
date)
Article 34(1) (No change)(2) (No change)(3) Real estate-backed securities stipulated in
Article 31, Paragraph 3
Valuation shall be made at market value.
However, shares, etc. that do not have amarket price (including investment and suchthat give rise to equity claims in the samemanner as shares) shall be valued at theacquisition price.

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transaction prices established on similartransaction systems where purchases, sales,
and cash conversions occur at any time; thesame applies hereafter.) If there is no market
price, valuation may rely on the acquisition
price.
(4) Securities stipulated in Article 31, Paragraph
4, Items 3 to 11 and Items 14 and 15
If there is a market price for the securities, it
shall be evaluated with the value based on themarket price. Where no market price isavailable, the securities shall be evaluatedwith the acquisition cost.

(5)-(7) (Omitted)
2.-3. (Omitted)-8-(4) Securities stipulated in Article 31,
Paragraph 4, Items 3 to 11 and Items 14 and 15
If the securities are classified as held-tomaturity bonds, the valuation shall be made at
the acquisition cost. However, if such bond isacquired at either an amount higher or lower
than the bond value, and if the nature of thedifference between the acquisition price and thebond value is recognized as an interest rateadjustment, its value shall be calculated basedon the amortized cost method. If the securities
are classified as available-for-sale securities,
the valuation shall be made at the market value.
However, shares, etc. that do not have a market
price (including investment and such that giverise to equity claims in the same manner asshares) shall be valued at the acquisition cost.
(5)-(7) (No change)
2.-3. (No change)Proposal No. 2 Election of One Executive Director
As the term of office of the executive director, Zenji Koike, will expire as of May 28, 2024, the election of one
executive director, effective May 29, 2024, is requested. Pursuant to the provisions of Article 23 of the Articles ofIncorporation, the term of office of the executive director to be elected based on this proposal shall be two years fromMay 29, 2024.
This proposal concerning the election of an executive director is submitted with the unanimous consent of thesupervisory directors at the meeting of the Board of Directors held on April 16, 2024.
The executive director candidate is as follows:
Name
Career Summary(Date ofbirth)
Apr. 1997
Jan. 2004
Apr. 2005
Oct. 2007
June 2013
Feb. 2015
June 2017

Yukitaka Ohara Mar. 2019(Nov. 20, 1973)
June 2020

Aug. 2020
June 2021

Feb. 2022
Mar. 2022
June 2022

Joined The Industrial Bank of Japan, Limited (currently Mizuho Bank, Ltd.)
Joined Fukuoka Realty Co., Ltd.
Appointed as Head of Acquisition Office of Investment Department
Appointed as Senior Manager of Investment Department
Appointed as General Manager of Investment Department
Appointed as General Manager of Planning Department
Seconded to Fukuoka Jisho Co., Ltd.
Appointed as Deputy General Manager of Building Business Division
Appointed as Executive Officer
Appointed as Vice President of Kitakyushu Murasakigawa Development Co., Ltd.
(current position)
Appointed as Vice President of Walk Asset Management Co., Ltd.(current position)
Appointed as Senior Executive Officer of Fukuoka Jisho Co., Ltd.
(current position)
Appointed as Vice President of Nishinippon Fudosan Kaihatsu Co., Ltd.
(current position)
Appointed as Vice President of FJ Asset Management Co., Ltd. (current position)
Appointed as Vice President Board of Directors of Fukuoka Realty Co., Ltd.
(current position)
Appointed as Corporate Auditor of Kyushu Leasing Service Co., Ltd. (current position)
Appointed as Vice President of FJ Logi Co., Ltd. (current position)
Appointed as Vice President of FJ Business Solutions Co., Ltd. (current position)
Appointed as Vice President of The Kyushu Card Co.,Ltd. (current position)

・Yukitaka Ohara, the candidate for executive director, also serves as the senior executive office of Fukuoka Jisho Co.,
Ltd., which is an interested party of Fukuoka Realty Co., Ltd., which concluded an asset management consignment
agreement with FRC and as the vice president board of directors of Fukuoka Realty Co., Ltd. and serves as a positionat the company listed as “(current position)” in the above table as of April 16, 2024.
・Special interest with FRC: Not applicable except for the holding of concurrent post
・Ownership status of FRC’s Investment units: 36 units (as of February 29, 2024)
・FRC has concluded a directors’ liability insurance agreement, as prescribed in Article 116-3, paragraph 1 of theInvestment Trusts Act, with an insurance company. The insurance policy will cover all or part of the damages incurredby the executive director in the event that he is held liable for the execution of his duties as an executive director or
receives a claim for damages in connection with his duties as an executive director. If the above candidate for executive
director is approved, he will be included as insured under the policy. The insurance policy will be renewed with thesame terms and conditions at the next renewal of the policy.

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Proposal No. 3 Election of Two Supervisory Directors
As the term of office of the supervisory directors, Yasuo Kawasho and Takashi Tanabe, will expire as of May 28,
2024, the election of two supervisory directors, effective May 29, 2024, is requested. Pursuant to the provisions ofArticle 23 of the Articles of Incorporation, the term of office of the supervisory directors to be elected based on this
proposal shall be two years from May 29, 2024.
The supervisory director candidates are as follows:
Name
No(Date of
Career Summary
birth)
Aug. 1973
Joined Co-ordination Division, Management and Co-ordination
Department, Fukuoka Regional Taxation Bureau
Appointed as Deputy Director, Co-ordination Division,
Jul. 2002
Management and Co-ordination Department, Fukuoka Regional
Taxation Bureau
Appointed as Professor, Central Institute, National Tax College
Jul. 2003
Appointed as Principal Deputy District Director, Kashii Tax
Jul. 2005
Office, Fukuoka Regional Taxation Bureau
Appointed as Director, Planning Division, Management andJul. 2006
Coordination Department, Fukuoka Regional Taxation Bureau
Appointed as District Director, Yahata Tax Office, Fukuoka
Jul. 2008
Regional Taxation Bureau
Masahiro
UchidaAppointed as Director, Revenue Management and Processing
1
Jul. 2009(Jan. 21, 1955)
Division, Collection Department, Fukuoka Regional Taxation
BureauAppointed as Director, Co-ordination Division, Management andJul. 2011
Co-ordination Department, Fukuoka Regional Taxation Bureau
Appointed as Deputy Assistant Regional Commissioner (First
Jul. 2012
Taxation), Fukuoka Regional Taxation Bureau
Appointed as District Director, Nagasaki Tax Office, Fukuoka
Jul. 2013
Regional Taxation Bureau
Jul. 2014
Appointed as Assistant Regional Commissioner (Second
Taxation), Fukuoka Regional Taxation Bureau
Jul. 2015
Retired from Fukuoka Regional Taxation Bureau
Aug. 2015
Established Certified Tax Accountant Office (current position)
Oct. 2000 Registered as a lawyer
June 2004 Member of the Fukuoka Realty Co., Ltd. Compliance CommitteeJan. 2010 Representative attorney at law at Tanabe Law Office (current
position)
Oct. 2013 Civil Conciliation Officer, Summary Court of Fukuoka (part-time
public officer)
Takashi Tanabe
Apr. 2016 Representative Attorney, Fukuoka City Labor Consultation Center2(Apr. 15, 1961)(current position)
June 2016 New Nippon Pharmaceutical Co., Ltd. (current position)
Sept. 2018 Appointed Director, Substitute member of the Audit and Supervisory
Committee, Platz Co., Ltd. (current position)
May 2020 Appointed as Supervisory Director, FRC (current Position)
Dec. 2023 Appointed as Director Audit and Supervisory Committee Member of
New Nippon Pharmaceutical CO., Ltd. (current position)
・Special interest with FRC: Not applicable・Ownership status of FRC’s Investment units: Not applicable
・FRC has concluded a directors’ liability insurance agreement, as prescribed in Article 116-3, paragraph 1 of theInvestment Trusts Act, with an insurance company. The insurance policy will cover all or part of the damages incurredby the supervisory director in the event that he is held liable for the execution of his duties as a supervisory director or
receives a claim for damages in connection with his duties as a supervisory director. Takashi Tanabe is included as- 10 -

insured under the policy and if he is approved among above candidates for supervisory director. He will be included as
insured under the policy and will continue to be included as insured under the policy if reappointment is approved. If
Masahiro Uchida is approved among above candidates for supervisory director, he will be included as insured under
the policy and will continue to be included as insured under the policy. In addition, the insurance policy will be renewedwith the same terms and conditions at the next renewal of said policy.

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Proposal No. 4 Election of One Substitute Executive Director
In preparation for any vacancy in the position of executive director or any shortfall in the legally required number of
executive directors, the election of one substitute executive director is requested. The period that the resolution
pertaining to the election of a substitute executive director based on this proposal remains in force shall be two years
from May 29, 2024, which is the date of appointment of the executive director in Proposal No. 2.
This proposal concerning the election of a substitute executive director is submitted with the unanimous consent of
the supervisory directors at the meeting of the Board of Directors held on April 16, 2024.
The substitute executive director candidate is as follows:
Name(Date of birth)

Career Summary
Apr. 1988
Aug. 1991
Apr. 2009
Aug. 2011

Joined Fukuoka SOGO Bank (currently The Nishi-Nippon City Bank, Ltd.)
Joined Fukuoka Jisho Co., Ltd.
Appointed as General Manager of Regional Development Division
Appointed as Deputy General Manager of Retail Business Group Canal City
Hakata Business Division
June 2012 Appointed as General Manager of Office of the President and General Manager
of Administration Division
June 2013 Appointed as Executive Officer and General Manager of the Office of the
President
Zenji Koike(Oct. 11, 1962)
Aug. 2013 Appointed as Chairman of Canal Entertainment Works Co., Ltd. (currently FJEntertainment Works Co., Ltd.)
Aug. 2015 Appointed as Executive Officer of Head Office of Fukuoka Jisho Co., Ltd.
June 2017 Appointed as Senior Executive Officer of Fukuoka Jisho Co., Ltd.
Appointed as Chairman of Sunlife Co., Ltd.
Appointed as Corporate Auditor of Kyushu Leasing Service Co., Ltd.
Oct. 2020 Appointed as Corporate Auditor of Bika Co., Ltd.
June 2021 Appointed as President and CEO (current position)
May 2022 Appointed as Executive Director of FRC (current position)
・The candidate for substitute executive director, Zenji Koike, concurrently serves as President and CEO of Fukuoka
Realty Co., Ltd., which concluded an asset management consignment agreement with FRC as of April 16, 2024.
・Special interest with FRC: Not applicable except for the holding of concurrent posts
・Ownership status of FRC’s Investment units: 13 units (as of February 29, 2024)
・The appointment of the substitute executive officer may be canceled with a resolution of the FRC’s board of directors
prior to his assumption of office.
・FRC has concluded a directors’ liability insurance agreement, as prescribed in Article 116-3, paragraph 1 of theInvestment Trusts Act, with an insurance company. The insurance policy will cover all or part of the damages incurredby the executive director in the event that he is held liable for the execution of his duties as an executive director or
receives a claim for damages in connection with his duties as an executive director. If the above candidate for substituteexecutive director is appointed as executive director, he will be included as insured under the relevant insurance policy.
The insurance policy will be renewed with the same terms and conditions at the next renewal of the policy.

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Proposal No. 5 Election of One Substitute Supervisory Director
In preparation for any vacancy in the position of supervisory director or any shortfall in the legally required numberof supervisory directors, the election of one substitute supervisory director is requested. The period that the resolution
pertaining to the election of a substitute supervisory director based on this proposal remains in force shall be twoyears from May 29, 2024, which is the date of appointment of the supervisory director in Proposal No. 3.
The substitute supervisory director candidate is as follows:
Name(Date of
Career Summary
birth)
Oct. 1994 Joined Century Audit Corporation (currently Ernst & Young ShinNihon LLC)
Aug. 1998 Joined Arthur Andersen & Koichi Uno Tax Accountant OfficeNov. 1999(currently KPMGTax Corporation)
Joined Yamada & Partners Accounting Office (currently Grant Thornton Yamada& Partners)
Registered as certified public accountant
Opened Yoshihide Mishima CPA Office (current position)
Registered as tax accountant
Appointed as Auditor, JALCO Co., Ltd.
Appointed as Director, JALCO Co., Ltd.
Appointed as Director, JALCO Holding Inc.
Appointed as Corporate Auditor of SHIN-IDEMITSU Co., Ltd. (current position)
Appointed as Auditor, Forest Holdings, Inc. (current position)

May 2000
Yoshihide
Apr. 2007
Mishima(Apr.12, 1969) Aug. 2007
June 2009
June 2010
Oct. 2011
June 2021
June 2023
・Special interest with FRC: Not applicable・Ownership status of FRC’s Investment units: Not applicable
・The appointment of the substitute supervisory director may be canceled with a resolution of the FRC’s board of
directors prior to his assumption of office.
・FRC has concluded a directors’ liability insurance agreement, as prescribed in Article 116-3, paragraph 1 of theInvestment Trusts Act, with an insurance company. The insurance policy will cover all or part of the damages incurredby the supervisory director in the event that he/she is held liable for the execution of his duties as a supervisory director
or receives a claim for damages in connection with his duties as a supervisory director. If the above candidate for
substitute supervisory director is appointed as supervisory director, he/she will be included as insured under the relevant
insurance policy. In addition, the insurance policy will be renewed with the same terms and conditions at the next
renewal of said policy.
<Reference Matters>
When there are conflicting proposals among the proposals submitted to the General Meeting of Unitholders, theprovisions of “deemed votes in favor” provided in Article 93, Paragraph 1 of the Act on Investment Trusts andInvestment Corporations and Article 18 of FRC’s current Articles of Incorporation shall not apply to any of suchproposals. Furthermore, with regard to the important proposals specified in Article 18, Paragraph 3 of the Articles
of Incorporation, if a minority unitholder who meets certain eligibility requirements notifies the Investment
Corporation of opposition to the proposal via the designated procedure, the provisions of “deemed affirmative vote”
shall not apply to that proposal.
None of the proposals of Proposal No. 1 through Proposal No. 5 above fall under the category of conflicting
proposals. Please note that none of the proposals of Proposal No. 2 through Proposal No. 5 above fall under the
category of conflicting proposals. Going forward, if a minority unitholder provides notification of opposition to
Proposal No. 2 through Proposal No. 5 within the two-week period from April 16, 2024, the provisions of “deemedaffirmative vote” will not apply to that proposal. If there is a notification expressing opposition to the proposals byminority unitholders during this period, we will post a notice on FRC’s website (https://www.fukuokareit.jp/en/index.html) stating such a notification has been made and that “deemed approval” will not be applied tosuch proposals.

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