-- Confidential -- Situation Background: Saturn’s Initial Approach ▪ On September 23, 2024, Saturn submitted a letter outlining their “intention to make an offer to acquire” the entirety of Blazing Star for $13-14 per share ▪ The letter outlined Saturn’s very high level contemplated transaction / financing structure and proposed diligence process ▪ Since the initial letter, the Company and Centerview have held brief discussions with Saturn to clarify their proposal / letter and focus areas for diligence. Saturn emphasized their interest in the whole company ▪ Centerview noted to Saturn that the Board has not convened, nor commented on value, but we are willing to work through potential process logistics subject to Board approval ▪ Saturn has stated that they have done some outside-in work, along with some existing rd familiarity of certain businesses, but have not engaged 3 party advisors and have not yet had rd substantive conversations with their 3 party financing sources ▪ Saturn’s intention is to conduct a 45-day initial diligence process in order to be able to submit a revised proposal with more certainty around value and financing ▪ Today’s discussion will review the contours of Saturn’s proposal and diligence process, as well as an overview of Saturn and a proposed work plan / next steps 1

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