Policies on Product Governance
(Supplementary Policy 2)

(Supplementary Policy 2)
Product Governance Framework

Based on the Fundamental Principles (Supplementary Policy 1), TSCM is committed to ensuring the quality of each operational process under its product governance. Furthermore, we will establish a framework to ensure the effectiveness of these processes.

Specific Policy Content and Implementation Status

● Organizational Structure and Operational Process Development

To provide better products and services tailored to the individual needs of our customers, TSCM has established a functional organizational structure with clearly defined roles and responsibilities. Additionally, we develop procedural manuals for all operational processes to maintain and enhance the quality management of our products and services, while ensuring effective collaboration and mutual checks among departments.
Furthermore, through deliberations by the Committees (comprising the Investment Committee and the Compliance and Risk Management Committee) and verifications by internal audits, we objectively and comprehensively evaluate and analyze the products and services provided to our customers. This approach ensures the effectiveness of product governance, and the maintenance and enhancement of product and service quality management.
In principle, the presence of external experts is required at each committee meeting to ensure objective and reasonable decision-making processes. Specifically, an independent external real estate appraiser is appointed to the Investment Committee, while an independent external attorney is appointed to the Compliance and Risk Management Committee to provide opinions and expert judgment. This structure ensures the validity of the deliberation outcomes and verification processes, establishing an objective and reasonable governance framework.
Additionally, during fund formation or when acquiring/disposing of real estate assets as underlying assets, internal audits are conducted to verify the compliance of product characteristics and operational processes with applicable laws, regulations, and internal rules. Should any discrepancies be identified, corrective measures are considered, and necessary adjustments are made to both the organizational structure and operational processes to ensure ongoing effectiveness and appropriateness.