STATEMENT FROM PARENT COMPANY'S BOARD OF DIRECTORS

We would like to address our valued stakeholders and the Ames community regarding recent developments within our organization. It is with a mix of regret and determination that we announce the voluntary resignation of several members from the Ames board due to the mismanagement that has affected our company.

Ames has faced significant challenges in recent times, and we recognize the need for decisive action to steer the company back onto a path of stability and success. In light of this, we are pleased to announce the reappointment of Shannon de Molyneux as the President of Ames.

Shannon's previous tenure as President was marked by exceptional leadership and a steadfast commitment to the values and vision of our company. With her extensive experience, strategic acumen, and deep understanding of Ames, she is well-equipped to guide us through this rebuilding phase.

Under Shannon's guidance, we will focus on implementing robust measures to address the issues that have hindered our progress. We are committed to restoring trust, fostering transparency, and ensuring the long-term sustainability of Ames.

Furthermore, we would like to express our gratitude to the departing board members for their past contributions and dedication to the company. Their collective efforts have shaped Ames, and we appreciate their service.

As we move forward, we pledge to work tirelessly to regain the confidence of our stakeholders, customers, and employees. We remain resolute in our commitment to providing exceptional products and services while upholding the highest standards of integrity and corporate governance.

Ames has always been a resilient organization, and we firmly believe in the potential for a brighter future. We appreciate the continued support of our loyal customers, and we are confident that, together, we will navigate these challenges and emerge stronger than ever.

Thank you for your understanding, patience, and unwavering belief in Ames.