JP-HOLDINGS, INC. announces that at the 28th Annual General Meeting of Shareholders held on June 25, 2020 and at the board of directors meeting following this General Meeting of Shareholders, the Company has resolved to change Tohru Sakai's designation from Senior Managing Director to President and Koichiro Furukawa resigned as President at the board of directors meeting held on June 25, 2020 following the 28th Annual General Meeting of Shareholders.