To whom it may concern

TOSEI CORPORATION (Head Office: Minato-ku, Tokyo; President and CEO: Seiichiro Yamaguchi; Securities Code: 8923) is pleased to announce that "TREC No. 12 Condominium Fund Nagoya City <Meitetsu Collaboration>" (the "Fund") , whose general offering commenced on January 17, 2025, is now under management as of today. 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.

This fund is a "balanced management type" fund that incorporates a single income-producing condominium located in Naka-ku, Nagoya City, Aichi, and aims to obtain both income and capital gains. As a result of the large number of investment applications received, the total amount of 204 million yen has been subscribed to the fund, and it has started operation today.
We will conduct leasing activities for the vacant units as soon as possible, aiming to achieve full occupancy at the earliest possible date. we will strive to improve cash flow by revising rents to appropriate levels at the time of contract renewal. Through these initiatives, we aim to improve the property values, we aim to maximize rental income and gains on sales during the investment period, and to manage the fund more profitably for investors.
In order to meet the expectations of more investors, we will continue to conduct solid fund management, provide attractive investment opportunities, and improve our services.