【PARK24 Co., Ltd. 】Notice of Change of Accounting Auditor
Park 24 Co., Ltd. announced today that Misuzu Audit Corporation, the Company's auditors, will resign effective July 31, 2007. Details are as follows:
1. Background for change
Misuzu Audit Corporation, the Company's auditor, will be dissolved on July 31, 2007 and will discontinue its audit services. Consequently, it will resign as the Company's auditor.
2. Name and address of resigning auditor
Name : Misuzu Audit Corporation
Address: Kasumigaseki Bldg., 3-2-5, Kasumigaseki, Chiyoda-ku Tokyo
3. Date of resignation
July 31, 2007
4. Future outlook
To avoid a situation in which it does not have an auditor and to ensure continuous audit services, the Company plans to appoint Ernst & Young ShinNihon as temporary auditor at a meeting of the Board of Statutory Auditors to be held on August 1, 2007. The appointment will be made based on the provisions of Paragraphs 4 and 6 of Article 346 of the Corporate Code.
We have been notified by Ernst & Young ShinNihon that, if the Company resolves to appoint Ernst & Young ShinNihon as temporary auditor, Ernst & Young ShinNihon will accept the appointment.
Name and address of temporary auditor:
Name :Ernst & Young ShinNihon
Address: Hibiyakokusai Bldg., 2-2-3, Uchisaiwaicho, Chiyoda-ku Tokyo
Scheduled date of assumption of office: August 1, 2007