Risk Factors Update Summary

• Increased governmental action on income tax regulations could lead to changes in our provision for income taxes or adverse audit outcomes, impacting our financial condition and operating results.
• The U.S. government has imposed export regulations, including restrictions on sales to companies on the Entity List, affecting our ability to export products.
• Tightening credit markets and economic uncertainty may lead to increased nonpayment instances.
• Unfavorable currency exchange rate fluctuations may reduce sales revenue, impacting our results of operations.
• Economic uncertainty could result in customers delaying, canceling, or refraining from orders.
• Our debt obligations and financial covenants impose restrictions, such as incurring additional indebtedness or paying dividends, affecting our financial flexibility.
• Uncertain market conditions may lead to a reduction in sales and impact key suppliers.
• Changes in U.S. trade policy, tariffs, or trade sanctions could adversely impact our business, financial condition, and results of operations.
• Regulatory risks in our supply chain, such as rules promoting transparency or restricting sourcing, could impact revenue and supply chain operations.
• Intellectual property protection challenges, including patent, trademark, and trade secret protection, may not be sufficient to deter infringement or misappropriation.