Result of the 16th General Meeting of Unitholders Resolution (Reference)

This translation of the original Japanese document is provided solely for information purposes. Should there be any discrepancy between this translation and the Japanese original, the latter shall prevail.

(Securities Code: 8986)

December 24, 2025

Result of the 16th General Meeting of Unitholders Resolution (Reference) (Dec 24, 2025)

１．Status of Voting Rights

Number of shareholders holding voting rights 23,531 Number of voting rights held by such shareholders 2,386,042

２．Matters Resolved

Proposal No.1: Amendment to the Articles of Incorporation Proposal No.2: Appointment of One (1) Executive Director Hidenobu Shirota is appointed as Executive Director.

Proposal No.3: Appointment of One (1) Substitute Executive Director Yoshiki Nishigaki is appointed as Substitute Executive Director.

Proposal No.4: Appointment of Two (2) Supervisory Directors

Akimitsu Takai and Asako Hiruta are appointed as Supervisory Directors.

３．Number of voting rights relating to the declaration in favor and opposition regarding the matters to be resolved and result of resolution

（Note 1）The total number of voting rights which have been confirmed to be in favor for the respective proposals among those exercised in advance up until the day before the General Meeting of Unitholders and those exercised by unitholders in attendance, plus the number of voting rights deemed to be in favor under the provisions concerning deemed affirmative votes (※), is divided by the total number of voting rights of unitholders were in attendance (including attendance by deemed affirmative votes), which is 2,386,042, and rounded off to two decimal places.

（※）Based on the Act on Investment Trusts and Investment Corporations, Article 93 (1), deemed affirmative vote is defined as below in the Articles of Incorporation, Article 24.

（Note 2）Proposal No. 1 should be supported by attending unitholders who hold a majority of the issued units, and is approved with the support of at least two-thirds of the voting rights of attending unitholders (including attendance by deemed affirmative votes).

（Note 3）Proposals No. 2, No. 3 and No. 4 are approved with the majority support of the voting rights of attending unitholders (including attendance by deemed affirmative votes).

４．Handling of the number of voting rights for attending unitholders who could not confirm their support or opposition

Resolution was made by totaling the prior exercise of support and opposition on the day before the General Meeting of Unitholders and attending unitholders that could be confirmed with respect to their support and opposition, and the voting rights regarded as compatible by the application of the provisions regarding deemed affirmative vote. Since the passage or denial of the matters become clear, number of voting rights among the unitholders attending at the day of the General Meeting of Unitholders does not confirm the approval, opposition or abstention and are not added to the number of voting rights.

(Extract from the Current Articles of Incorporation of the Investment Corporation) Article 24 (Deemed Approval)

1. Any unitholder who does not attend a general meeting of unitholders and does not exercise his/her voting rights shall be deemed to be in favor of any proposal submitted to such general meeting of unitholders (provided, however, that in cases where two or more proposals are submitted and any such proposal is in conflict in its nature with another proposal, both of such proposals shall be excluded from such deemed approval).

2. The provisions of the previous paragraph shall not apply to resolutions on proposals concerning the following matters.

   1. Dismissal of executive directors, supervisory directors, or accounting auditors

   2. Amendments to the Articles of Incorporation (limited, however, to the establishment, amendment, or abolition of provisions concerning deemed approval)

   3. Dissolution

   4. Approval for the cancellation of the asset management agreement by the asset management company

   5. Cancellation of the asset management agreement by the Investment Corporation

3. The number of voting rights owned by the unitholder deemed to be the approval for a proposal in accordance with paragraph 1 above shall be included in the number of voting rights of the unitholders in attendance.

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