Dear Happi Shareholders,

1.1.2017

I’m writing to update you on the current state of our company and address some of the concerns that have been raised in recent weeks. As you may know, the past few months have been challenging for Happi, as we have experienced a downturn in sales and faced some unexpected setbacks.

First and foremost, I want to assure you that our team is working tirelessly to address these issues and turn things around. We are taking a number of steps to improve our operations, including increasing our marketing efforts, streamlining our supply chain, and investing in new product development.

I also want to emphasize that the current downturn is a temporary setback, and not indicative of the long-term prospects for our company. We have a strong brand, a loyal customer base, and a talented team of employees who are dedicated to our success. We believe that with the right strategy and execution, we can weather this storm and emerge even stronger on the other side.

Of course, we recognize that this may be a challenging time for our shareholders as well. Rest assured that we are committed to transparency and open communication with our stakeholders. We will continue to provide updates on our progress and any major developments that may affect our business.

I want to personally thank all of our shareholders for their ongoing support and confidence in our company. We remain focused on our mission to provide high-quality air products that improve the lives of our customers, and we are confident that with your support, we will continue to thrive.

Sincerely,

Eleonora Yu

CEO, Happi