Please find attached Lerøy Seafood Group ASA's annual report for 2024 as approved by the Board of Directors. The report is also provided in a machine-readable format according to ESEF (European Single Electronic Format) requirements. As part of the group’s integrated reporting, the report includes an overview of priorities, measurements, and targets related to environment, social and governance (“ESG”) matters. It also incorporates a double materiality assessment, in line with the Corporate Sustainability ...

Company Overview - Blue Star Foods Corp. is an integrated Environmental, Social, and Governance (ESG) sustainable seafood company focusing on Recirculatory Aquaculture Systems (RAS) [2][5] - The company processes, packages, and sells high-value seafood products and operates the oldest continuously running land-based RAS full grow-out salmon farm in North America [5] Industry Insights - The sushi restaurant industry in the U.S. has experienced significant growth, with a 163% increase in market size over the past 10 years, reaching $27.9 billion in 2022 [4] - The market is projected to continue expanding, with an estimated value of $34.9 billion by 2025 [4] - Sushi has become one of the most popular cuisines in the U.S., with approximately 30,000 sushi restaurants operating nationwide [4] Strategic Initiatives - The company has launched an Asian Food Division focusing on high-value sushi categories to capitalize on the growing popularity of Japanese cuisine and health-conscious dining preferences [3] - High-value sushi products include Hamachi, responsibly raised and harvested in Japan's Kagawa prefecture, Seto Inland Sea, and Kagoshima Bay [3] - The company aims to increase sales and rebuild shareholder value through its entry into the sushi market, leveraging its Japanese-speaking team for sourcing and relationships [4]