Risk Factors Update Summary

• Significant changes in executive management team, including the retirement of the President and CEO in May 2023, and appointments of new executives. This could impact sales, profitability, and stock price.
• Increase in outstanding shares from approximately 18.6 million to 19.6 million, and decrease in average daily trading volume from approximately 231,194,875 shares to 116,194,875 shares.
• Recognition of impairment charge related to construction assets of $1.1 million in 2022, and a decrease in intangible assets from $49 million to $47 million and goodwill from $106 million to $109 million at December 31, 2022 to 2023.
• Identification of a material weakness in internal controls related to IT general controls, with ongoing remediation efforts to address the weakness.
• Potential impact of interruptions in manufacturing operations or damage to facilities on revenues and financial condition, particularly due to natural disasters or catastrophic events.
• Risks associated with geopolitical conflicts, specifically the Russia-Ukraine conflict, impacting global and regional operations, including economic activities and supply chains.
• Risks related to cybersecurity attacks and unauthorized access to sensitive data, potentially resulting in significant liability, damage to brand reputation, and financial penalties.