Annual Report - 31 March 2016

Page 29

and monitoring tenant and area user to follow conditions of contract of rent and contract of area utilization. (i) Control and monitor operation to follow regulations of real estate invested by trust. (g) Manage the utilized/rented area (by using support including information, and assign duty to property manager), such as monitoring utilizing/renting area, negotiating with people utilizing/ renting regarding contract of long-term utilization/rent, reviewing rate or cost of expense/rental fee, canceling or extending a contract of long-term utilization/rent, etc. (k) Assess overall outcome of utilizing/renting area in the past in order to set conditions for utilizing/ renting area and make contract of long-term utilization/rent and contract of service relating to the area, and assess overall outcome of payment/rental fee collection in order to record allowance for doubtful accounts or write off bad debts or record bad debt recovery (in case that amount is collected after writing off a bad debt). (l) Provide security system for building or construction invested by trust, such as fire alarm, communication system, and management for emergency situation. (m) Providing policy and operation plan for management, maintenance, and renovation for building or construction invested by trust. 2.5 Assure that trust has the right ownership on purchased real estate, and contracts that trust is a partner are correct, legal, and obligatory or effective as conditions specified in the contract. 2.6 Provide system for collecting all documents and evidence relating to operation of trust, meeting invitation of trust unit holders, trust filing form, prospectus, annual report of trust, 56-REIT form, financial statement and supporting documents of accounting records of trust, and operate by following regulations of trust and invested property. These information and documents must be collected correctly, completely, and can be verified within at least 5 years since the day such document or information is made. 2.7 Provide and disclose financial statement, annual report, 56-REIT form, and other information relating to trust correctly and completely; and disclose them within term specified by the law, Trust’s deed, and regulations of stock exchange. However, REIT manager, directors and executives who are responsible to provide and disclose information regarding trust, must be responsible for information notified or disclosed to unit trust holders and general investors. They must provide auditing system to assure that the disclosed information in filing form, prospectus, meeting invitation of unit trust holders, advertising brochure, printed advertisement, or other published documents which have been checked for correctness and completeness, contain important and sufficient information for decision making on investment, as required by related law, notification, and regulations. 2.8 Provide unit trust holders correct, complete, and adequate information before voting in order to approve issues. They need to receive the information in advance as specified in Trust’s deed and regulations of stock exchange. 2.9 Control and monitor trust to comply with law or guidelines for operation set by government agencies or organizations relating to operation of trust, as well as regulations of stock exchange. 2.10 Provide return to unit trust holders not less than ninety (90) percent of adjusted net profit of fiscal ANNUAL REPORT - 31 MARCH 2016 27


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