FCR Real Estate Investment Partnership Inc.

The purpose of our remuneration policy is to create a fair and competitive remuneration system that encourages the performance of our board members and senior executives in line with our company's long-term goals.

• The remuneration of board members is determined by the general assembly and is arranged by taking into account the company's financial status and market conditions.

• In the remuneration of independent board members, fixed remunerations are paid at a level that will preserve their independence; stock options or payment plans based on company performance are not used.

• The remuneration of senior executives is determined by taking into account market data, the size of the company, long-term goals and the positions of the executives.

• Remuneration consists of two components: fixed remuneration and performance-based variable remuneration.

• Performance-based variable remunerations are determined according to the company's financial performance, the executive's individual performance and the degree to which the determined goals are achieved.

• Expenses incurred by board members and senior executives due to company business (transportation, accommodation, representation expenses, etc.) are covered by the company.

• Fees and other benefits provided to board members and senior executives are disclosed to the public through the annual activity report.

• It is essential to make a statement on an individual basis; however, in cases where a statement on an individual basis cannot be made, a distinction is made between the board of directors and senior executives as a minimum.

This policy has been prepared in line with FCR GYO's sustainable growth goals, in order to bring talented executives to the company and increase the motivation of current executives.

The purpose of our remuneration policy is to create a fair and competitive remuneration system that encourages the performance of our board members and senior executives in line with our company's long-term goals.

• The remuneration of board members is determined by the general assembly and is arranged by taking into account the company's financial status and market conditions.

• In the remuneration of independent board members, fixed fees are paid at a level that will preserve their independence; stock options or payment plans based on company performance are not used.

• The remuneration of senior executives is determined by taking into account market data, the company's size, long-term goals and the positions of the executives.

• Remuneration consists of two components: fixed fee and performance-based variable fee.

• Performance-based variable wages are determined according to the company's financial performance, the manager's individual performance and the degree to which the specified targets are achieved.

• Expenses incurred by board members and senior managers due to company business (transportation, accommodation, representation expenses, etc.) are covered by the company.

• Fees and other benefits provided to board members and senior managers are disclosed to the public through the annual activity report.

• It is essential to make a statement on an individual basis; however, in cases where a statement cannot be made on an individual basis, a distinction is made between the board of directors and senior managers as a minimum.

This policy has been designed to bring talented managers to the company and increase the motivation of existing managers in line with FCR GYO's sustainable growth goals.