Risk Factors Update Summary

• Our revenue decreased from $1,655 million in 2022 to $914 million in 2023, a 45% decrease.
• The founder controls the majority of voting power, impacting key decision-making and potentially conflicting with other stockholders' interests.
• The founder's ability to control director elections and exercise voting rights may impact corporate governance.
• The Share Repurchase Program now has an expiration date of December 31, 2024.
• A material weakness in internal control over financial reporting was identified, impacting accurate financial reporting.
• Failure to meet ESG goals could result in legal proceedings and adversely affect business, reputation, and stock price.
• The 2024 Share Repurchase Program may be suspended or discontinued by the Board of Directors.
• The 2022 Revolver includes financial covenants limiting actions, potentially affecting operations and financial results.
• The trading price of Class A common stock may fluctuate due to various factors, including operating performance and economic conditions.
• Repurchases under the 2024 Share Repurchase Program will decrease the number of outstanding shares.