Risk Factors Update Summary

• Acquisitions expanded operations and sales to over 80 countries, increasing exposure to foreign exchange risks.
• Transition to net zero by 2050 may lead to increased regulations impacting industry and business.
• REH Company owned approximately 20.8% of common stock, decreasing to 13.3% by February 15, 2024.
• Greenpeace filed a complaint seeking CAN 10 million or 3% of revenues from oil sand producers.
• EPA proposed rules in 2023 to regulate GHG emissions from power plants, potentially increasing electricity costs.
• Increased focus on ESG practices and disclosures may lead to heightened scrutiny and increased costs.
• California passed the Climate Corporate Data Accountability Act and Climate-Related Financial Risk Act, impacting companies with annual revenues of $1 billion and $500 million, respectively.
• Proposed RFS regulations may increase biofuel blending percentages, impacting compliance costs.
• Regulations aim to reduce GHG emissions by 49-55% by 2030 and achieve net zero emissions by 2050.
• Changes in climate conditions could intensify, affecting operations and demand for products.
• Increased cybersecurity risks may result in financial losses, operational disruptions, and harm to reputation.
• Compliance with evolving data privacy laws could lead to increased costs and litigation risks.