To whom it may concern

TOSEI CORPORATION (Head Office: Minato-ku, Tokyo; President and CEO: Seiichiro Yamaguchi; Securities Code: 8923) (the"TOSEI") is pleased to announce that, on August 28, we released information regarding "TREC No. 11 Condominium Fund Chitose Funabashi, Setagaya-ku, Tokyo" (the "Fund") which is the eleventh fund of the "TOSEI Real Estate Cloud TREC FUNDING" real estate crowdfunding though which you can make online investments in real estate. 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 will acquire and manage the land and building of a single condominium located in Funabashi, Setagaya-ku, Tokyo. The subject property consists of total 26 units (1K and 1R type) and is intended for single persons. The Chitose Funabashi area where the subject property is located has long been known as a safe and quiet residential area, and offers a comfortable living environment with shopping streets, parks, medical facilities, and public facilities.
As of August 2024, 23 of the 26 units are leased, and 3 units are vacant. We will conduct leasing activities for the vacant units as soon as possible after acquisition, aiming to increase rents and achieve full occupancy at the earliest possible date. For leased units, we will strive to improve cash flow by revising rents to appropriate levels at the time of contract renewal.
Through these initiatives, we will strive to maximize the value of the property, and in addition to the distribution of income during the period from rental income, we will eventually sell the property and distribute profits from the sale. If an opportunity presents itself, we may sell the property without waiting for the scheduled operation period and redeem the property early. We are planning to minimize the period until the termination of management (i. e., completion of the sale of the property), to extent possible, and improve the investment efficiency of the investment made by our investor.

With respect to the Fund, TOSEI will make a subordinated investment to thereby enhance the safety of the principal of the preferred investment made by our investors. In the event of any loss arising from the real estate management, such loss will first be borne by the subordinated investor. Therefore, if the loss is within subordinated investment amount, the principal of the preferred investment will not be impaired.
Please carefully confirm and consider the details of the Fund before making an investment decision.

With respect to the Fund, we will loan from domestic financial institutions. By leveraging, the Fund aims to achieve a relatively high investment yield.

TOSEI Real Estate Crowd TREC FUNDING will continue to strive to plan products that meet our investors' expectations and improve our services.