Risk Factors Update Summary

• Profitability may not be sustainable due to a slowdown in demand, resulting in significantly lower revenues.
• Worldwide operations face increased risks from natural disasters, public health events, and disruptions, impacting revenue.
• Demand fluctuations could lead to excess or shortages of product inventory, impacting operations.
• Challenges in managing workforce reductions and restructuring activities could delay expected efficiencies.
• Potential adverse effects on business from damage to facilities or infrastructure due to catastrophes.
• Discontinuation of e-Mobility business may result in asset write-offs and negative financial impact.
• Increased costs due to disruptions in supply chain and logistics may impact operations and financial performance.
• Uncertainty in qualifying for U.S. tax incentives and benefits under the Inflation Reduction Act.
• Impairment charges from discontinuing e-Mobility business negatively affect operating results and financial statements.
• Increased storage fees and pricing for storage impact costs and financial performance.
• Reduced demand for solar products due to lower net metering credits, impacting sales.