ZANZIBAR SEAWEED COMPANY LIMITED (ZASCO)

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Mr. Akif Ali Khamis

CHAIRMAN, BOARD OF DIRECTORS

Dear Stakeholders,

On behalf of the Board of Directors, I am delighted to welcome you to the Zanzibar Seaweed Company, a cornerstone of sustainable development and economic empowerment in Zanzibar.

Our company was founded with a clear vision: to harness the potential of seaweed cultivation to drive growth, create opportunities, and showcase Zanzibar’s unique natural resources to the world. As a government-backed entity with strong support from our shareholders, we are committed to upholding the highest standards of governance, sustainability, and social responsibility.

The Board of Directors plays a pivotal role in steering the company toward its strategic goals, ensuring that we remain accountable to our stakeholders and aligned with our mission. We take great pride in the collaboration among our shareholders—Zanzibar Ports Corporation, Zanzibar Insurance Corporation, Zanzibar State Trading Corporation, and Zanzibar Social Security Fund—which forms the backbone of our success.

Looking ahead, we are determined to position Zanzibar Seaweed Company as a global leader in the seaweed industry. Through innovation, strategic partnerships, and community engagement, we will continue to contribute to the socio-economic transformation of Zanzibar while safeguarding the environment for future generations.

Thank you for your continued trust and support. Together, we will achieve remarkable success.

Sincerely,

Akif Ali Khamis

Chairman, Board of Directors

Zanzibar Seaweed Company