From: Mr. Salazar, HR Manager Date: December 10, 2023 Subject: Discontinuation of Mori Shampoo Product Line This memo is to inform you of a difficult decision made by the company regarding the future of the Mori Shampoo product line. We will be discontinuing the production and sale of all Mori Shampoo variants. Over the past, we have observed a steady decline in sales of Mori Shampoo. Despite implementing various marketing and promotional initiatives, we have been unable to reverse this trend. This performance, coupled with a saturated and highly competitive hair care market, has led us to the strategic decision to remove Mori Shampoo from our product portfolio. We understand that this decision may have an impact on various departments and teams. We want to assure you that we are committed to minimizing any disruptions and supporting all affected employees through this transition. ● Marketing and Sales: ○ Existing inventory of Mori Shampoo will be sold through to depletion. ○ Marketing and sales efforts will be redirected towards promoting our other, more successful hair care brands. ○ We will work closely with distributors and retailers to ensure a smooth discontinuation process. ● Operations: ○ Production of Mori Shampoo will cease. ○ We will work with the procurement and manufacturing teams to manage any surplus materials or packaging associated with Mori Shampoo. We recognize that discontinuing a product is never an easy decision. However, we believe this is the best course of action for the long-term health and success of our company. We are confident that by focusing our resources on our core brands and exploring new and innovative hair care solutions, we can continue to deliver value to our customers and achieve sustainable growth. We appreciate your understanding and cooperation as we implement this transition. If you have any questions or concerns, please do not hesitate to contact your manager or myself.