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RIGATONI

03/12/24 8:11 AM

#379390 RE: RIGATONI #379389

In alignment with the strategic changes of fiscal 2024, the Company has conducted the following actions:

*Implemented NetSuite Enterprise Resource Planning (ERP) and Customer Relationship Management (CRM) across its global operations to enhance operating efficiency, accounting, and sales functions;
*Rightsized indirect costs and generating efficiencies across the Company's supply chain and procurement;
*Aligned G&A with short-term business expectations by reducing third-party professional fees and operating costs;
*Streamlined the organization to drive process-related efficiencies through ISO 9001 certification;
*Shuttered or spin-off legacy operating businesses that have not scaled toward profitability;
*Restructured the Board of Directors to become compliant with NASDAQ requirements.