Policies on Product Governance
(Supplementary Policy 4)

(Supplementary Policy 4)
Product Evaluation and Improvement

TSCM undertakes ongoing reviews and analyses of various factors related to ongoing fund operations, including discrepancies between actual investment performance and projected figures, customer complaints, and negative information, including building or equipment malfunctions and tenant-related issues. Based on these analyses, we implement necessary adjustments to investment strategies and business plans, with the aim of further enhancing product design, structuring, and sales solicitation activities.

Specific Policy Content and Implementation Status

● Actions after Product Design and Structuring

During the operational period of funds and other products, TSCM assesses and analyzes the appropriateness and effectiveness of the underlying real estate assets, investment schemes, and operational processes through deliberations by the Committees and verifications by internal audits to ensure compliance with applicable laws, regulations, and internal rules. Should any deficiencies be identified, we consider corrective measures and make necessary adjustments to the provided products and services, as well as to the organizational structure and operational processes.
When outsourcing sales solicitation to Third-Party Distributors, we will also share all necessary and sufficient information regarding product characteristics, potential issues, and differences between the actual investor attributes and the initially targeted investor segments. This information sharing facilitates ongoing evaluation and analysis, leading to further improvements in future product design, structuring, and sales solicitation activities.
While TSCM does not currently outsource fund management of real estate-related funds designed and structured by TSCM to Third-Party Asset Managers, if such outsourcing becomes necessary in the future, we will follow the same information-sharing and coordination procedures as with Third-Party Distributors to maintain ongoing evaluation and analysis and provide optimal products and services to our customers.