Fukuoka REIT : Notice Concerning Expected Change of Director and Auditor of Asset Management Company

Provisional translation

May 30, 2023

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: [phone]

Notice Concerning Expected Change of Director and Auditor of Asset Management Company

Fukuoka REIT Corporation (FRC) today announced the details of the retirement of directors at Fukuoka Realty Co., Ltd. (FR), a licensed asset management company retained by FRC to provide asset management services, as well as a resolution made at FR's Board of Directors' meeting held today to propose the following candidates as new director and auditor for consideration at the general meeting of shareholders scheduled for June 23, 2023, as described below.

1.	Retiring director and auditor (as of June 23, 2023)
	Director (Non-Executive)	Noboru Hashimoto
	Auditor (Non-Executive)	Masanori Tasaka
2.	New candidates for director and auditor (as of June 23, 2023)
	Director (Non-Executive)	Masanori Kozuma
	Auditor (Non-Executive)	Kazuomi Kamikawa

*Please refer to the attachment for the career summary of the director and auditor candidates.

Regarding the above changes, FRC will follow procedures required under Financial Instruments and Exchange Act, Building Lots and Buildings Transaction Business Act and other applicable laws and regulations.

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		[Attachment]
・Career Summary of Director Candidate
Name		Career
	April 1990	Joined Kyushu Electric Power Company, Incorporated
	August 1993	Seconded to Central Research Institute of Electric Power Industry
	August 1995	Civil Engineering Department of Electric Power Company,
		Incorporated
	July 2001	Appointed Deputy Head of Civil Engineering Department
	July 2010	Appointed Manager of Technology Strategy Group, Civil Engineering
		Department, Technology Division
	July 2011	Appointed Manager of Planning and Management Group, Technology
		Division
	July 2012	Appointed Manager of Long-Term Energy Strategy Group, Corporate
Masanori		Planning Division
Kozuma	July 2015	Appointed Head of Business Development Group, External Power
		Development Office, Thermal Power Generation Division, Energy
		Service Headquarters
	February 2018	Appointed General Manager of Technical Solution Headquarters
		(Urban Development)
	July 2019	Appointed Head of Urban Development Office, Technical Solution
		Headquarters
	July 2020	Appointed General Manager of Urban Development Business
		Division
	June 2022	Appointed Executive Officer and Manager of Fukuoka Branch
		(current position)
・Career Summary of Auditor Candidate
Name		Career
	April 1977	Joined FUKUOKA Regional Taxation Bureau
	July 2009	Appointed Deputy Chief of Tokyo-Ueno Tax Office
	July 2014	Appointed Manager of Corporation Taxation Division of FUKUOKA
		Regional Taxation Bureau
	July 2015	Appointed Chief of Nishi-Fukuoka Tax Office
	July 2016	Appointed Chief Inspector General, Commissioner's Secretariat,
Kazuomi		National Tax Agency (dispatched to Fukuoka) of National Tx Agency
Kamikawa	July 2018	Appointed General Manager of Large Enterprise and Criminal
		Investigation Department of FUKUOKA Regional Taxation Bureau
	August 2019	Appointed Head of Kazuomi Kamikawa Tax and Accounting Office
		(current position)
	September 2020	Appointed Outside Auditor of MoonStar Company (current position)
	May 2022	Appointed External Auditor of Fukuoka Prefecture Building Lots and
		Buildings Transaction Business Association (current position)
		- 2 -

[Reference]

New Board of Directors and Auditor (scheduled for June 23, 2023)

Title	Name	Remarks
President and CEO	Zenji Koike	-
		Lawyer, Senior Vice President and General
Director (Non-Executive)	Hiroshi Shimuta	Manager of Legal Division, Fukuoka Jisho
		Co., Ltd.
Director (Non-Executive)	Yukitaka Ohara	Senior Executive Officer of Fukuoka Jisho
Co., Ltd.
Director (Non-Executive)	Masanori Kozuma	Managing Executive Officer at Kyushu
Electric Power Company, Incorporated
Auditor (Non-Executive)	Kazuomi Kamikawa	Tax Accountant, Kazuomi Kamikawa Tax
and Accounting Office

*Fukuoka REIT Corporation's website ishttps://www.fukuoka-reit.jp/en/index.html

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