May 29 as Change Day 5.29

Leopalace21 established May 29 every year as "Change Day 5.29"

In order to regain the social trust, we established May 29 every year as "Change Day 5.29" to remind ourselves that each of the officers and employees in Leopalace21 Group should play an integral role in the restoration challenge, and to pledge to make continued emphasis on preventing the recurrence of construction defects.

On May 29, 2018 we released the "Notice Concerning Construction Deficiencies of Apartment Parting Walls (six series)" and made a sincere response by disclosing the other construction defects which we subsequently discovered during the course of all-building investigations. On May 29, 2019 we announced the "Notice Concerning Causes and Measures to Prevent Recurrence of Construction Defects" based on the final report and recommendations by the External Investigation Committee.

The purpose of establishing the "Change Day 5.29" is to have time to look back and remember the regrettable series of the problems so that the memories never fade away with the times. We will continue to conduct employee training and implement a variety of measures under the leadership of the Compliance Promotion Headquarters. We will also announce the state of these initiatives as needed.

Bunya Miyao, President and CEO
Established on May 29, 2020



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