Clearwater Seafood - Economic Impact and Strategic Partnerships

China: Income Growth Urban disposable income in China is still growing at around 8% per year 40,000 20% 30,000 20,000 10,000 • China currently accounts for 37% of global seafood consumption 0 Urban disposable income per capita (CNY) Source: National Bureau of Statistics, Nielsen, BCG, Rabobank 2018 Growth rate (LHS) Richer Chinese households shift consumption towards seafood meat expenditure share 24% 21% 18% 15% 8% 7% 6% 5% 12% 4% lowest low lower middle upper high middle middle highest ■Meat, poultry and processed products (LHS) Source: National Bureau of Statistics, Nielsen, BCG, Rabobank 2018 Aquatic products (RHS) Clearwater Per capita consumption and income growth are price supportive 15% 10% - 5% seafood expenditure share 0% 7

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