Y&Y REAL ESTATE INVESTMENT TRUST REGULAR DISCLOSURE FORM

Real Estate Investment Trusts (REITs) are portfolio management companies established to invest in real estate and/or real estate backed capital market instruments.

REITs are considered as important improvements in financial markets for being professional investment companies to shape the future of the real estate industry. REITs are important investment vehicles for bringing corporate capital to the resource-starved real estate sector as well as developing large and high-quality projects. With at least 49% of their stock open to public, REITs have eliminated the problem of liquidity, the most fundamental problem facing investments in real estate. Moreover, by bringing together the savings of individual and corporate investors into a common pool, they are able to realize large profit-generating real estate projects. (Source: CMB/ GYODER)