Notice Regarding Planned Change of Shareholders

We are pleased to announce that at the Board of Directors meeting of Maruichi Sansho Co., Ltd. (Securities Code: 8228, Nagoya Stock Exchange Main Market, Headquarters: Nagano City, Nagano Prefecture, URL: https://www.maruichi.com),
it was resolved that they will acquire our company’s shares and stock acquisition rights. We are planning to conclude a stock transfer agreement and execute the stock transfer in the near future. Following the completion of this transfer, our company will become part of the Maruichi Sansho Group.

Amidst changing conditions in the fishing industry, including a decline in domestic catches of wild fish and growing global demand for seafood, the Maruichi Sansho Group has positioned aquaculture of marine products as one of its key businesses. The group is actively working on building an innovative business model to revitalize production areas and boasts a robust sales network, particularly in the Koshinetsu, Kanto, and Chukyo regions, centered around major retailers.

By joining the Maruichi Sansho Group, we expect to further leverage our production area networks and our expertise in aquaculture and processing. After the execution of this transaction, our company aims to provide even more customers with safe, reliable, and delicious farmed fish than ever before.

Details regarding the specific schedule of this transaction will be provided as soon as they are confirmed. We kindly ask for your continued understanding and support.

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