We have each been investors in Aurinia since 2019 and 2020, respectively, and have a history of advocating for enhanced governance and stronger alignment between the Company's leadership and shareholders. We are encouraged by the fact that since Kevin Tang was appointed Chair of the Board of Directors (the "Board") in late 2024, the Company has undergone positive governance and operational changes that reflect some of the reforms we have individually called for. These improvements include reducing the size of the Board from nine to six members, appointing four new independent directors, discontinuing non-core R&D programs – which has generated over $50 million in annual savings – launching a $150 million share repurchase program and eliminating time-based RSUs in favor of performance-based awards.