Risk Factors Update Summary

• The company may not be able to produce eVTOL aircraft in the volumes and on the timelines projected, impacting financial condition and results of operations.
• Enhanced cybersecurity governance program implemented with annual enterprise risk assessments by management and the Audit Committee.
• The company incurred net losses of $127.7 million in 2023, compared to $174.03 million in 2022, and $9.62 million in 2021.
• Cybersecurity risk management strategy includes third-party cybersecurity firms and independent auditors for assessments.
• The company may not be able to secure adequate insurance, potentially adversely affecting business operations.
• Cybersecurity risk management process developed by ERJ for third-party service providers to oversee risks.
• The company may not be able to protect its intellectual property rights, leading to reputational harm and financial penalties.
• The company may be unable to obtain relevant regulatory approvals for commercialization, potentially delaying the launch of eVTOL services.
• The company's ability to operate effectively depends on attracting and retaining highly qualified personnel, impacting business strategy implementation.
• The company may be unable to manage future growth effectively, potentially impacting financial condition and results of operations.