General Meeting of Unitholders

According to the provisions of the Investment Trust and Investment Corporation Law, certain items concerning Frontier Real Estate Investment Corporation ("FRI"), such as amendments to the Articles of Incorporation or the appointment or dismissal of executive directors or supervisory directors, are to be determined at the General Meeting of Unitholders composed of FRI's investors.

The General Meeting of Unitholders shall be held at least once every two years as a rule based on its Articles of Incorporation.

At the 8th General Meeting of Unitholders held on March 26, 2020, every item to be voted on was approved as originally proposed.

The 8th General Meeting of Unitholders (March 26, 2020)

The 7th General Meeting of Unitholders (March 27, 2018)

The 6th General Meeting of Unitholders (March 24, 2016)

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