Agenda - 09-17-2024; 5-a - Public Hearing Regarding a Proposed Economic Development Recruitment Incentive and Performance Agreement Between Orange County and Morinaga America Foods, Inc.

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8 domestic market-share for candy. Morinaga ranks similar to Kellogg Company, Mars and Nestle in terms of worldwide retail sales. • Among Japan's top 3 competing confectionary makers, Morinaga ranks #1 for candy and caramel products, #2 for biscuits, and #3 for chocolate products. The chewy fruit flavored snack "HI-CHEW" holds the #1 spot within Japan and is the company's current product made here in Orange County. • Morinaga is aggressively marketing HI-CHEW across the United States and has successful store displays at Target, COSTCO, 7-Eleven, and Kroger, and is found locally at the Streets at Southpoint Mall ("It's Sugar", "World Market"). Sales in the U.S. have been increasing 20%-25% annually. • Additional product lines include frozen desserts (19%), foodstuffs (10%), and the internationally renowned Weider-brand health care products such as energy drinks, nutritional vitamin/mineral supplements & protein bars, & collagen-based beauty products (16% of sales). • Morinaga America, Inc. was established in Los Angeles in 2008 for the purpose of introducing the company's various product lines throughout the USA, starting with HI- CHEW. The "Hi-Chew" logo is advertised at all Duke University sporting events and can be seen nationally on all televised Duke NCAA basketball and football games. • Overseas partners include serving as the trademark distributor, licensee, or supplier for world-class confectionary companies such as Disney Japan, SUNKIST Growers, PEZ, Perfetti van Melle (Italy), Storck (Germany), Dare Foods (Canada) and Barry Callebaut AG (Switzerland). • Management's corporate philanthropy strives to be a "company that improves the lives of children worldwide". The firm partners with international non-governmental organizations (NGOs) in developing nations, and places a special emphasis promoting healthy nutrition, and funding for school facilities and educational supplies, especially among West African countries. • Morinaga was the first Japanese corporation to be affiliated with the World Cocoa Foundation (WCF), which was established with the objective to foster a sustainable cocoa industry and prevent the use of child labor in developing nations. This is achieved through the environmental protection of regions where major global chocolate corporations cultivate cocoa, and through economic and social development. Technical guidance and training support is provided to cocoa farmers through various programs that protect the natural and social environment. • Sustainability, Diversity & Inclusion corporate principles: The Morinaga Group's Sustainability of Morinaga I morinaga & co., ltd. Additional Company Information • Morinaga America Foods About Us: https://morinaga-america.com/story/ • January 10, 2024, Launch of Direct-To-Consumer E-Commerce Platform for Hi-Chew: https://morinaga-america.com/hi-chew-launches-direct-to-consumer-e-commerce- platform/