AMSOIL Oil and Lubricant Price Increase Announcement

Subject: AMSOIL Product Price Increase

Dear Valued Distributors and Dealers,

Huynh Chau Trading and Services Co., Ltd. (HuynhChau Co., Ltd.), the exclusive importer and distributor of AMSOIL products in Vietnam, sincerely thanks you for your continued support and cooperation in distributing AMSOIL branded products.

After making extensive efforts to support our distributors in maintaining stable selling prices, we must inform you of a price increase on AMSOIL products due to rising input costs, fluctuations in crude oil prices, additives, packaging materials, and other factors influenced by the COVID-19 pandemic.

AMSOIL product price increases are as follows:

- Automotive and motorcycle lubricating oils, maintenance solutions, and vehicle care additives: 15% - 20% increase