To whom it may concern

Tosei Corporation (Head Office: Minato-ku, Tokyo; President and CEO: Seiichiro Yamaguchi; Securities Code: 8923) has completed early redemption of the "TREC No. 3 Condominium Units Fund Asakusa/Tsukishima" ("the Fund") today. The Fund is one of Tosei Real Estate Crowd TREC FUNDING, a real estate crowdfunding service that enables online real estate investment. The final distribution rate was 7.97% on an annualized basis, far exceeding the initial assumption of 5.00%. Only investors that are residents of Japan are permitted to invest in the Fund and use our services related to investing in the Fund. Investors that are non-residents of Japan are not permitted to invest in the Fund or otherwise receive our services, so we cannot accept investment requests from any investors that are non-residents of Japan.

The Fund is the first multi-property fund in the TREC series, incorporating 8 condominium units. Since the start of management in March 2022, we have sought to maximize profits by utilizing our strengths, such as our assessment ability and information network, to identify good opportunities for each property and sell them in sequence, and we have distributed income including gains on sales and partially redeemed the principal during the management period. This time, we completed the sale of the last one of the properties in the portfolio, bringing an early end to the management in about 2 years and 2 months, before the originally scheduled end date. The final distribution rate was 7.97% (annualized interest rate), far exceeding the initial assumption of 5.00%.

We will continue to strive to provide real estate investment management services that maximize returns for our investors by monitoring market trends, providing accurate asset management, and formulating flexible exit strategies.