Regarding some media reports on the use of the Panasonic name and brand

Panasonic Holdings Corporation held a briefing on February 4 for the mass media, institutional investors and analysts regarding Group Management's Planned Reform of Panasonic Group.

Unfortunately, this has generated some misleading press coverage regarding the use of the Panasonic name and brand. The information announced on February 4 concerned the reorganization of "Panasonic Corporation," which provides home appliances, housing equipment, and products and services for stores and offices under the umbrella of Panasonic Holdings Corporation. Importantly, the Panasonic Group will not be dissolved.

Furthermore, the Panasonic brand is a vital asset for the group, and the Panasonic Group will continue to transform itself into a corporate structure that contributes to customers and society in the future under this important brand.