Apple Inc.

The proposal asks Apple’s board to conduct an evaluation and publish a report (within one year, excluding confidential information) that quantifies risks and costs related to the company’s ongoing operational, manufacturing, and commercial ties with China. It requests scenario-based analysis including potential financial exposure under high-tariff scenarios, the dollar value of revenues and profits at risk from geopolitical or regulatory actions, risks from intellectual property theft, and timelines and costs to diversify the supply chain away from China. The supporting statement cites reliance on Greater China for a significant share of revenue, tariff and forced-labor-related regulatory risks, and prior incidents of alleged espionage as rationale for more transparent, quantified disclosure. The report is intended to help shareholders evaluate Apple’s resilience and the adequacy of its mitigation strategies.