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CONSTRUCTION PROGRESS UPDATE Vol. 10 September 2016 TO VALUED BUYERS OF BODAIJU RESIDENCES

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CONSTRUCTION PROGRESS

UPDATE

Vol. 10September 2016

TO VALUED BUYERS OF

BODAIJU RESIDENCES

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©Torreya Asset Holdings Co., Ltd.

Bodaiju Site Progress Report - Building A and B -

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Dear valued buyers of Bodaiju Residences,

It is with great pleasure that I’m writing to you to share with you on the construction

progress for Bodaiju Residences.

Since the sales of Bodaiju Residences on 22nd August 2015, we had received over-

whelming support and much better than expected sales of Bodaiju Residences. With the

strong support, my construction team has been working endlessly to meet the construction

progress. After completing the UXO clearance and test piling works, we are currently

carrying out piling works in full force.

As part of our continuous engagement with you, I’m pleased to provide you with the

details of the construction in this report and endeavor to provide you with an update on

the construction every quarter.

Thank you for all the great support extended thus far.

Sincerely,

Toshihiko Muneyoshi

Founder/ Manager Director

Creed Group

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©Torreya Asset Holdings Co., Ltd.

Construction Schedule Payment Schedule

Mar

Apr

May

Jun

Sep

Oct

Nov

Dec

2017

Jan

Feb

Jul

Aug

Mar

Nov.

2015

Oct.

Dec

2016

Jan

Feb

Vol. 10 September 2016

Bodaiju Site Progress Report - Building A and B -

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GENERAL SCHEDULE (October 2015 – June 2017) CONSTRUCTION PROGRESS

We are completed the 2nd Floor Structure Work and

planning to complete the 7th Floor, Structure Work by

end of Oct.

Piling works

Architectural

works

Interior works

MEP

works

Completion of

7th floor structure

Completion of

RF floor structure

preliminary

works - Mine investigation

- Ultimate load test, etc.

RC

Superstructure

※Construction’s Schedule might vary to take weather conditions and other factors into account.

Building ABuilding B

※The diagram above only serves to illustrate the construction progress. Actual construction may not be

carried out as per the illustration.

P1

P2

1F

2F

3F

5F

6F

7F

8F

9F

10F

11F

12F

13F

RF

P1

P2

1F

2F

3F

5F

6F

7F

8F

9F

10F

11F

12F

13F

RF

FOUNDATION WORK

COMPLETED. MARCH-2016

Completion of

foundation

Parking 1

Parking 2

Garden Deck

1st FLOOR STRUCTURE

COMPLETED. JUNE-2016

Completion of

1st floor structure

NOW 5th FLOOR

STRUCTURE + MEP

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©Torreya Asset Holdings Co., Ltd. Vol. 10 September 2016

Bodaiju Site Progress Report - Building A and B -

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FOUNDATION COMPLETION – March 2016 PHOTOS OF PROGRESS COMPLETION

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©Torreya Asset Holdings Co., Ltd. Vol. 10 September 2016

Bodaiju Site Progress Report - Building A and B -

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1FL. SUPER-STRUCTURE COMPLETION-June 2016 PHOTOS OF PROGRESS COMPLETION

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©Torreya Asset Holdings Co., Ltd.

Bodaiju Site Progress Report - Building A and B -

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JULY 2016 SITE VIEW (BUILDING A & B)

In August 2016 we already complete the 5rd Floor Structure Work for Building A & B as we planned to compete 7th Floor Concreting Work byend of October 2016.

Vol. 10 September 2016

A1

A2

B1

B2

B1 View – Building B

B2 View – Building B

A1 View – Building A

A2 View – Building A

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©Torreya Asset Holdings Co., Ltd.

Bodaiju Site Progress Report - Building A and B -

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5FL-BEAM & SLAB FORM WORK (BUILDING A & B) 5FL-BEAM & SLAB REINFORCEMENT (BUILDING A & B)

Reinforcement Work site activities of Building A & B on 5th Floorwhich completed.

Slab and Beam Form Work installation activities in our constructionsite in August 2016.

Vol. 10 September 2016

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©Torreya Asset Holdings Co., Ltd.

Bodaiju Site Progress Report - Building A and B -

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5FL-RE-BAR CHECK & CLEANING (BUILDING A & B) 5FL-CONCRETE TEST AT SITEMixed-Concrete was tested at site before casting building A& B Structure, Slab and Beam.

Re-Bar Checking activates of Building A & B at construction site byour engineer.

Vol. 10 September 2016

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©Torreya Asset Holdings Co., Ltd.

Bodaiju Site Progress Report - Building A and B -

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5FL-MEP WORK (BUILDING A & B) 5F-CONCRETE WORK AT SITEConcrete Work for 5th Floor Level of Building A & B wascompleted in August 2016. This is level checking after castingconcrete.

Pipe for electricity in 5th Floor Slab was laid and our engineerchecking strictly on MEP works to be ready for concreting.

Vol. 10 September 2016

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©Torreya Asset Holdings Co., Ltd.

Bodaiju Site Progress Report - Building A and B -

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PLASTERING WORK (MOCK UP UNIT) MEP WORK (MOCK UP UNIT)

MEP work in our site for our mock up unit in building A alsostarted in this August.

Plastering work in our site for our mock up unit in building Aalready start in this August.

Vol. 10 September 2016