b'S C S A F O O D B U S I N E S SI N V E S T M E N TSCOA Investment BlueNalu AdvancesAlternative Protein with New PartnershipA 2030. The projection is even more dire as levels of marine species continue toCOMIDAs global population and consumption continues to rise, the United Nations projectsthat the world will require 28 million metric tons of new seafood production by decline due to rising ocean temperatures and the effects of overfishing. Fortunately, cell- cultured seafood has emerged as a method to meet that demand. This alternative proteinresource is created through a process in which living cells are isolated from fish tissue,placed into culture media for proliferation, and then assembled into edible seafood products.BlueNalus whole- Above, muscle, cell-based yellowtailmedallions atop a bisque of roasted butternut squash.Above,Above,Above, Close up of BlueNalus whole-muscle,BlueNalus whole-muscle, cell-basedBlueNalus whole-muscle, cell-based cell-based yellowtail, beer-battered and deep- yellowtail prepared in a poke bowl. yellowtail prepared in acidified form in a fried for fish tacos.kimchi recipe.SCOA investment company BlueNalus mission is to developon our menus.The agreement focuses on developing a great-tasting, healthy, safe and trusted cell-cultured seafoodsupply-chain solution for Bluefin tuna and other sushi-grade products that support sustainability and diversity. The San Di- products for the multinational sushi restaurant operator in the ego, California-based company began in 2018 and its missionAsia-Pacific region, where seafood consumption is highest. aligns with the United Nations Sustainable Development80% of the global supply of Bluefin tuna is consumed in Goals, a blueprint to achieve a better and more sustainableJapan, and commands premium pricing for its delicious flavor future for our planet. Developing seafood products directlyand unique sensory characteristics.from fish cells, this leading innovative food company willSCOA invested in BlueNalu in 2020, and Roy Yanagi, SCOA now collaborate with leading, multinational sushi restaurantFood and Agritech Director who also serves on the Clean operator Food & Life Companies Ltd. (F&LC), As the largestFarming Task Force in SC Brazil, cites the investment as part sushi-restaurant operator in Japan, F&LC operates restaurantof an overall strategyof SCOA and SCOAs Business Devel-brands including Sushiro and Kyotaru brands restaurants oper- opment Group to make food/agricultural value chains more ate more than 1,000 restaurants in Japan, Korea, Taiwan, Hongsustainable. Kong, Singapore, Thailand, and China. BlueNalu said the two companies plan to collaborate on product developmentBlueNalu works toward solutions to the worlds impending and marketing, with the Japanese company offering supportprotein shortage, Yanagi said of the company. Both BlueNalu to navigate the regulatory framework in Japan to accelerateand SCOA, as well as Sumitomo Corporation, are working BlueNalus commercialization in the country.to fill the protein supply-demand gap by providing alternative seafood options.With the uncertainty of natural marine resources in the future, it is important that we secure a stable supply of sea- Cell-cultured seafood is a supply-chain solution that will food in a more sustainable manner, said Koichi Mizutome,have the taste, texture and nutrition that consumers expect, president and CEO of FOOD & LIFE COMPANIES. Weand will not be susceptible to environmental contaminants have already been promoting the use of farmed seafood as onelike mercury and micro plastics, said Lou Cooperhouse, pres-of the ways to achieve this, but as seafood demand increasesident and CEO of BlueNalu. By centering our initial efforts in the future, there will be increasing challenges with ouron the high-quality Toro portion of Bluefin tuna, we aim to global supply chainWe look forward to the progress of thisdemonstrate culinary excellence with the most prized portion collaboration, and to the future when BlueNalu products canof the most sought-after fish in the most iconic marketplace be used as sustainable, delicious, healthy, and reliable seafoodfor seafood.Sumitomo Corporation of Americas 19'