Polaris Holdings Co., Ltd. (hereinafter the “Polaris”) informs the facts known at this stage regarding the impact of the magnitude around 7 earthquake that struck near Mindanao Island in the Republic of the Philippines on from December 2 to date, 2023 on the hotels operated by Polaris group as follows.

Polaris group operates the “Red Planet Cagayan De Oro” and “Red Planet Davao” on Mindanao Island near the epicenter of the earthquake, but no major damage to the buildings or injury to guests or hotel employees has been reported.
If any damage that may affect the operation of Polaris group’s overseas hotel business becomes known, the Company will report it hereafter.