Risk Factors Update Summary

• Change in interest rates may lead to higher interest expenses, impacting financial performance broadly.
• Reduced global EV fleet size by $245 million in Q4 2023 to balance supply and demand.
• Sales decline could result in difficulty meeting minimum required collateral levels, affecting liquidity.
• Increased risk due to the failure of manufacturers to fulfill repurchase obligations for program vehicles.
• Share repurchase program faces increased costs due to a non-deductible 1% excise tax.
• Added risks related to cybersecurity threats, including potential disruptions and financial harm.
• Failure of business continuity plan may lead to significant disruptions and adverse consequences.
• Emphasized the importance of talent management for hiring and retaining skilled personnel.
• Highlighted risks associated with third-party distribution channels impacting revenues and business.
• Noted potential adverse effects of legal, regulatory, and compliance changes on operations and financials.
• Addressed risks related to environmental, social, and governance (ESG) performance and reporting.