<SEC-DOCUMENT>0001292814-26-002729.txt : 20260501
<SEC-HEADER>0001292814-26-002729.hdr.sgml : 20260501
<ACCEPTANCE-DATETIME>20260430205539
ACCESSION NUMBER:		0001292814-26-002729
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20260630
FILED AS OF DATE:		20260501
DATE AS OF CHANGE:		20260430

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AMBEV S.A.
		CENTRAL INDEX KEY:			0001565025
		STANDARD INDUSTRIAL CLASSIFICATION:	BEVERAGES [2080]
		ORGANIZATION NAME:           	04 Manufacturing
		EIN:				000000000
		STATE OF INCORPORATION:			D5
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-36165
		FILM NUMBER:		26928410

	BUSINESS ADDRESS:	
		ADDRESS IS A NON US LOCATION: 	YES
		STREET 1:		RUA DR. RENATO PAES DE BARROS, 1017
		STREET 2:		3 ANDAR PARTE
		CITY:			SAO PAULO
		PROVINCE COUNTRY:   	D5
		BUSINESS PHONE:		55(11)2122-1414

	MAIL ADDRESS:	
		ADDRESS IS A NON US LOCATION: 	YES
		STREET 1:		RUA DR. RENATO PAES DE BARROS, 1017
		STREET 2:		3 ANDAR PARTE
		CITY:			SAO PAULO
		PROVINCE COUNTRY:   	D5

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	InBev Corporate Holdings Inc.
		DATE OF NAME CHANGE:	20121219
</SEC-HEADER>
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<FILENAME>abev20260430_6k.htm
<DESCRIPTION>6-K
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<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Washington, D.C. 20549</B></P>

<P STYLE="font: 13.5pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<HR SIZE="2" NOSHADE ALIGN="CENTER" COLOR="Black" STYLE="width: 21%">

<P STYLE="font: 13.5pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>FORM 6-K</B></P>

<P STYLE="font: 13.5pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center">Report of Foreign Private Issuer<BR>
Pursuant to Rule 13a-16 or 15d-16 of the</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center">Securities Exchange Act of 1934</P>

<P STYLE="font: 13.5pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>For the month of April, 2026</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Commission File Number 1565025</B></P>

<P STYLE="font: 13.5pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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<P STYLE="font: 13.5pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>AMBEV S.A.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Exact name of registrant as specified in its
charter)</P>

<P STYLE="font: 13.5pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>AMBEV S.A.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Translation of Registrant's name into English)</P>

<P STYLE="font: 13.5pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Rua Dr. Renato Paes de Barros, 1017 - 3rd
Floor<BR>
04530-000 S&atilde;o Paulo, SP<BR>
Federative Republic of Brazil</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Address of principal executive office)</P>

<P STYLE="font: 13.5pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 12pt; text-align: center">Indicate by check mark whether the
registrant files or will file annual reports under cover Form 20-F or Form 40-F.&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 12pt; text-align: center"><BR>
Form 20-F ___X___ Form 40-F _______</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 12pt"><FONT STYLE="font-size: 13.5pt">&nbsp;</FONT><FONT STYLE="font-size: 12pt">Indicate
by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information
to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.&nbsp;</FONT><FONT STYLE="font-size: 13.5pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center">Yes _______ No ___X____</P>


<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"></P>

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<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>AMBEV S.A.</B></P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: center">CNPJ [National Register of Legal Entities] No.
07.526.557/0001-00</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: center">NIRE [Corporate Registration Identification Number]
35.300.368.941</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: center">A Publicly-Held Company</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-weight: normal">(&#8220;<U>Company</U>&#8221;)</FONT></P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<P STYLE="font: bold 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: center">Extract of the Minutes of the Ordinary and
Extraordinary General Shareholders&#8217; Meetings of the Company, held on April 30 2026, prepared in summary form.</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 10pt"><B>1.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><B><U>Date, Time and Venue.</U></B> On April 30, 2026, at 2:00 p.m., in
an exclusively digital form through the platform Ten Meetings (&#8220;<U>Digital Platform</U>&#8221;), to be considered as taken place
at the Company&#8217;s headquarters, located in the City of S&atilde;o Paulo, State of S&atilde;o Paulo, at Rua Dr. Renato Paes de Barros,
1017, 4<SUP>th</SUP> floor, Itaim Bibi, for the purposes of article 5, paragraph 2, item I, and article 28, paragraphs 2 and 3, of the
Brazilian Securities Commission (&#8220;<U>CVM</U>&#8221;) Ruling No. 81/22. </FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 10pt"><B>2.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><B><U>Call Notice</U></B>. The call notice was published on March 30, 2026,
through the CVM system &#8220;<I>Empresas.net</I>&#8221; and in the Company&#8217;s website ri.ambev.com.br, and in the newspaper &#8220;<I>Valor
Econ&ocirc;mico</I>&#8221; in the editions of (i) March 31, 2026; (ii) April 1<SUP>st</SUP> , 2026; and (iii) April 2, 2026, on pages
A18, B9 and C5, respectively, and in digital format. </FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 10pt"><B>3.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><B><U>Attendance</U></B>. At the Ordinary Shareholders Meeting, shareholders
representing 92.68% of the voting capital of the Company and, at the Extraordinary Shareholders Meeting, shareholders representing 94.44%
of the voting capital of the Company, as evidenced by the bulletin for distance vote presented directly to the Company or through the
systems of <I>B3 &#8211; Brasil, Bolsa, Balc&atilde;o</I> (&#8220;<U>B3</U>&#8221;), the Digital Platform and those sent to the Company&#8217;s
bookkeeper, besides the shareholders that joined the meeting through the Digital Platform, under the terms of article 28 of CVM Ruling
81/22. As provided by law, the meetings were also attended by (i) the Legal and Compliance Vice President Officer of the Company, Mr.
Guilherme Malik Parente; (ii) the representative of Grant Thornton Auditores Independentes (&#8220;<U>GT</U>&#8221;), independent auditor
of the Company, Mr. Alison Evandro de Almeida; (iii) the Chairman of the Fiscal Council of the Company, Mr. Jos&eacute; Ronaldo Vilela
Rezende; and (iv) the Controller Director of the Company, Mr. Eduardo Paoli.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 10pt"><B>4.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><B><U>Presiding Board</U></B>. Chairman: Mr. Guilherme Malik Parente, as
indicated by the Chairman of the Board of Directors, pursuant to article 11 of the Company's bylaws. Secretary: Mrs. Monique Mesquita
Mavignier.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 10pt"><B>5.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><B><U>Resolutions</U></B>. After dismissing the reading of the consolidated
voting map contemplating the votes presented through bulletins for distance vote, which have been made available for shareholders&#8217;
consultation in accordance with the CVM Ruling No. 81/22, the following resolutions were taken:</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/14pt Times New Roman, Times, Serif; margin: 0 0 0 21.3pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt"><B>5.1.</B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;
</FONT></B><FONT STYLE="font-size: 10pt">Initially, it is registered that the minutes of these Ordinary and Extraordinary Shareholders'
Meetings will be drawn up in summary form, pursuant to article 130, paragraph 1 of Law No. 6,404/76, and its publication is authorized
with the omission of the signatures of the attending shareholders, pursuant to paragraph 2 of the same article 130 of Law 6,404/76.</FONT></P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0 0 0 21.3pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 14.85pt"><FONT STYLE="font-size: 10pt"><B>5.2.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><B>At the Ordinary General Meeting:</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0 0 0 21.3pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 36pt"><FONT STYLE="font-size: 10pt"><B>5.2.1.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Following examination and discussion, the shareholders approved by majority
vote the annual report and the management&#8217;s accounts, as well as the financial statements for the fiscal year ended December 31,
2025, together with the opinions of the Fiscal Council and the independent auditors report, all of which were published, within the statutory
deadline, in the newspaper &#8220;<I>Valor Econ&ocirc;mico</I>&#8221;, on February
12, 2026 on pages A9 to A10, and made available to the shareholders at the same date through the CVM system &#8220;<I>Empresas.net</I>&#8221;
and in the Company&#8217;s website ri.ambev.com.br.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0 0 0 56.7pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0 0 0 56.7pt; text-align: justify">Were registered 14,036,639,864 votes
approve, 697,982 votes reject and 394,911,075 abstain.</P>


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<P STYLE="font: 12pt/14pt Times New Roman, Times, Serif; margin: 0 0 0 57.3pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0 0 0 56.7pt; text-align: justify; text-indent: -35.4pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 35.4pt"><FONT STYLE="font-size: 10pt"><B>5.2.2.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">The shareholders approved by majority vote:</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0 0 0 56.7pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 31.95pt"></TD><TD STYLE="width: 36pt"><FONT STYLE="font-size: 10pt">5.2.2.1.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">The allocation of the net income relating to the fiscal year ended December
31, 2025, in the total amount of R$ 15,503,399,889.90. The base amount for allocation, which equals to R$ 17,986,326,759.43, is composed
of R$ 15,503,399,889.90 of net income for the year, R$ 11,823,167.53 relating to the reversal of the revaluating effect of fixed assets
using the previous cost, R$ 2,377,265,000.00 relating to the effects of the application of IAS 29 / CPC 42 (hyperinflation) application,
R$ 82,351,675.75 relating to the prescribed dividends and R$ 11.487.026,25 relating to the effect of the sale of a subsidiary, were allocated:
(<B>i)</B> R$ 228,202,821.12 to the Tax Incentive Reserve, of which (i.a) R$ 45,956,649.44 relate to state ICMS tax incentives received
by certain units of the Company; (i.b) R$ 755.709,86 refer to the IRPJ reinvestment incentive granted by SUDENE, in accordance with article
19 of Law No. 8,167/91; and (i.c) R$ 181,490,461.84 relate to the corporate income tax (IRPJ) reduction incentive granted by SUDENE, pursuant
to Decree&#45;Law No. 1,564/77 and Article 3 of Law No. 9,532/97; <B>(ii)</B> R$ 10,903,280,319.95 for the payment of interest on capital
and dividends, as declared by the Board of Directors based on the net income for the fiscal year ended December 31, 2025; and <B>(iii)
R$ </B>6,854,843,618 to the Investment Reserves.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0 0 0 67.95pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0 0 0 70.9pt; text-align: justify; text-indent: -0.45pt">Pursuant to
article 193, paragraph 1, of Law No.&nbsp;6,404/76, the Company shall not set up a legal reserve for the current fiscal year because the
balance of said reserve, plus the sum of the capital reserves mentioned in article 182, paragraph 1, of Law No. 6,404/76, are greater
than 30% of the Company&#8217;s capital stock.</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 31.95pt"></TD><TD STYLE="width: 36pt"><FONT STYLE="font-size: 10pt">5.2.2.2.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">The re-ratification of the amounts allocated to the investment reserve and
the incentive reserve at the Ordinary Shareholders&#8217; Meeting held on April 29, 2025 (&quot;2025 AGM&quot;), related to the fiscal
year ended in 2024, so that the amount of R$ 10,339,054,767.31, intended for the investment reserve at the 2025 AGM, was re-ratified to
R$ 10,194,417,186.13 and the amount of R$ 108,125,431.35, intended for the tax incentive reserve at the 2025 AGM, shall be re-ratified
to R$252,763,012.53.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0 0 0 56.7pt; text-align: justify">Were registered 14,425,459,395 votes
approve, 4,558,774 votes reject and 2,230,752 abstain.</P>

<P STYLE="font: 12pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 36pt"><B>5.2.3.</B></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">The shareholders approved by the majority vote the composition of the Company&#8217;s
Board of Directors consisting of nine (9) effective members and two (2) alternate members.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0 0 0 56.7pt; text-align: justify">Were registered 14,405,465,080 votes
approve, 24,552,503 votes reject and 2,231,338 abstain.</P>

<P STYLE="font: 12pt/14pt Times New Roman, Times, Serif; margin: 0 0 0 57.3pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 36pt"><B>5.2.4.</B></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">The following members were elected, by majority vote, to the Company&#8217;s
Board of Directors, for a term of office until the Annual General Meeting to be held in 2029:</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in">&nbsp;</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0 0 0 57.3pt; text-align: justify"><U>Effective members</U>:</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0 0 0 57.3pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 57.3pt"></TD><TD STYLE="width: 36pt"><FONT STYLE="font-size: 10pt">(i)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">by re-election, <B>Michel Dimitrios Doukeris</B>, Brazilian, married,
                                                                                                    chemical engineer, bearer of Identity Card (RG) No. 2.595.585 (SSP/SC), enrolled with the CPF (Individual Taxpayer&#8217;s Register) under No. 810.940.279-87,
resident and domiciled in New York City, State of New York, United States.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0 0 0 93.3pt; text-align: justify">Were registered 12,957,662,103 votes
approve, 1,464,398,233 votes reject and 10,188,585 abstain.</P>


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<P STYLE="font: 12pt/14pt Times New Roman, Times, Serif; margin: 0 0 0 93.3pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0 0 0 93.3pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 57.3pt"></TD><TD STYLE="width: 36pt"><FONT STYLE="font-size: 10pt">(ii)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">by re-election, <B>Victorio Carlos De Marchi</B>, Brazilian, married, attorney,
bearer of Identity Card (RG) No. 2.702.087-3 (SSP/SP), enrolled with the CPF under No. 008.600.938-91, resident and domiciled in the City
of S&atilde;o Paulo, State of S&atilde;o Paulo.</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt/14pt Times New Roman, Times, Serif; margin: 0 0 0 93.3pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0 0 0 93.3pt; text-align: justify">Were registered 12,863,335,393 votes
approve, 1,558,734,194 votes reject and 10,179,334 abstain.</P>

<P STYLE="font: 12pt/14pt Times New Roman, Times, Serif; margin: 0 0 0 93.3pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 57.3pt"></TD><TD STYLE="width: 36pt"><FONT STYLE="font-size: 10pt">(iii)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">by re-election, <B>Lia Machado de Matos</B>, Brazilian, steady union, physicist,
bearer of Identity Card (RG) No. 66.707.627-X (SSP/SP), enrolled with the CPF under No. 071.991.147-88, resident and domiciled in the
City of S&atilde;o Paulo, State of S&atilde;o Paulo.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0 0 0 93.3pt; text-align: justify">Were registered 12,904,098,941 votes
approve, 1.513,457,460 votes reject and 14,692,520 abstain.</P>

<P STYLE="font: 12pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 57.3pt"></TD><TD STYLE="width: 36pt"><FONT STYLE="font-size: 10pt">(iv)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">by re-election, <B>Fernando Mommensohn Tennenbaum</B>, Brazilian, married,
production engineer, bearer of Identity Card (RG) No. 18.433.610-7 (SSP/SP), enrolled with the CPF under No. 245.809.418-02, resident
and domiciled in New York City, State of New York, United States.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0 0 0 93.3pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0 0 0 93.3pt; text-align: justify">Were registered 12,997,304,297 votes
approve, 1,422,007,713 votes reject and 12,936,911 abstain.</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0 0 0 93.3pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 57.3pt"></TD><TD STYLE="width: 36pt"><FONT STYLE="font-size: 10pt">(v)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">by re-election, <B>Fabio Colletti Barbosa</B>, Brazilian, married, business
administrator, bearer of Identity Card (RG) No. 5.654.446-7 (SSP/SP), enrolled with the CPF under No. 771.733.258-20, resident and domiciled
in the City of S&atilde;o Paulo, State of S&atilde;o Paulo.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0 0 0 93.3pt; text-align: justify">Were registered 12,900,431,851 votes
approve, 1,517,123,977 votes reject and 14,693,093 abstain.</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0 0 0 93.3pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 57.3pt"></TD><TD STYLE="width: 36pt"><FONT STYLE="font-size: 10pt">(vi)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">by re-election, <B>Milton Seligman</B>, Brazilian, married, engineer, bearer
of Identity Card (RG) No. 965.908 (SSP/DF), enrolled with the CPF under No. 093.165.740-72, resident and domiciled in the City of S&atilde;o
Paulo, State of S&atilde;o Paulo.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0 0 0 93.3pt; text-align: justify">Were registered 12,904,119,102 votes
approve, 1,515,190,449 votes reject and 12,939,370 abstain.</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 57.3pt"></TD><TD STYLE="width: 36pt"><FONT STYLE="font-size: 10pt">(vii)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">by re-election, <B>Ricardo Manuel Frangatos Pires Moreira</B>, Portuguese,
married, engineer, bearer of Identity Card (RG) No. 54.929.337-1 (SSP/SP), with passport No. CA802266, resident and domiciled in New York
City, State of New York, United States, to take office as an effective member of the Board of Directors. </FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0 0 0 93.3pt; text-align: justify">Were registered 12,945,006,241 votes
approve, 1,474,304,859 votes reject and 12,937,821 abstain.</P>


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<P STYLE="font: 12pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 57.3pt"></TD><TD STYLE="width: 36pt"><FONT STYLE="font-size: 10pt">(viii)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">by re-election, <B>Luciana Pires Dias</B>, Brazilian, single, attorney,
bearer of Identity Card (RG) No. 26.180.321-9 (SSP/SP), enrolled with the CPF under No. 251.151.348-02, resident and domiciled in the
City of S&atilde;o Paulo, State of S&atilde;o Paulo, to take office as an effective member of the Board of Directors, as an Independent
Director.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0 0 0 93.3pt; text-align: justify">Were registered 14,370,666,128 votes
approve, 50,242,398 votes reject and 11,340,395 abstain.</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0 0 0 93.3pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 57.3pt"></TD><TD STYLE="width: 36pt">(ix)</TD><TD STYLE="text-align: justify">by re-election, <B>Fernanda Gemael Hoefel</B>, Brazilian, married, oceanographer, bearer of Identity Card
(RG) No. 46183860 SSP-SP and enrolled with the CPF under No. 857.022.429-04, resident and domiciled in the City of S&atilde;o Paulo, State
of S&atilde;o Paulo, to take office as an effective member of the Board of Directors, as an Independent Director.</TD></TR></TABLE>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0 0 0 93.3pt; text-align: justify">Were registered 14,404,956,183 votes
approve, 15,946,798 votes reject and 11,345,940 abstain.</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0 0 0 21.3pt; text-align: justify; text-indent: 0.5in"><U>Alternate Members</U></P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0 0 0 21.3pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 57.3pt"></TD><TD STYLE="width: 36pt">(i)</TD><TD STYLE="text-align: justify"><B>Ricardo Tadeu Almeida Cabral de Soares</B>, Brazilian, married, attorney, bearer of Identity Card (RG)
No. 09.993.497-8 (SSP/RJ), enrolled with the CPF under No. 430.148.771-90, resident and domiciled in New York City, State of New York,
United States, to take office as an alternate member of the Board of Directors; and</TD></TR></TABLE>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0 0 0 93.3pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0 0 0 93.3pt; text-align: justify">Were registered 12,957,662,103 votes
approve, 1,464,398,233 votes reject and 10,188,585 abstain.</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0 0 0 93.3pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 57.3pt"></TD><TD STYLE="width: 36pt">(ii)</TD><TD STYLE="text-align: justify"><B>David Henrique Galatro de Almeida</B>, Brazilian, married, economist, bearer of Identity Card (RG)
No. 10.800.879-8 (IFP/RJ), enrolled with the CPF under No. 217.625.768-56, resident and domiciled in New York City, State of New York,
United States, to take office as an alternate member of the Board of Directors.</TD></TR></TABLE>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0 0 0 93.3pt; text-align: justify">Were registered 12,904,119,102 votes
approve, 1,515,190,449 votes reject and 12,939,370 abstain.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 36pt"><FONT STYLE="font-size: 10pt"><B>5.2.5.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">The composition of the Fiscal Council, consisting of three (3) effective
members and their respective alternates, was approved by majority of the shareholders. </FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0 0 0 56.7pt; text-align: justify">Were registered 14,415,294,613 votes
approve, 325,216 votes reject and 16,629,092 abstain.</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0 0 0 57.3pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 36pt"><FONT STYLE="font-size: 10pt"><B>5.2.6.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">By separate vote of minority shareholders, the minority shareholders elected
by majority, for a term of office to expire at the ordinary Shareholders&#8217; Meeting to be held in 2029, the following candidates nominated
by minority shareholders pursuant to article 161, paragraph 4, item &#8220;a&#8221; of Law No. 6,404/76, to the Company&#8217;s Fiscal
Council:</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 57.3pt"></TD><TD STYLE="width: 36pt">(i)</TD><TD STYLE="text-align: justify">in re-election <B>Fabio de Oliveira Moser</B>, Brazilian, married, administrator, bearer of Identity Card
(RG) No. 061.802.773 (IFP/RJ), enrolled with the CPF under No. 777.109.677-87, resident and domiciled in the City of Rio de Janeiro, State
of Rio de Janeiro, to take office as an effective member of the Fiscal Council of the Company; and</TD></TR></TABLE>


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<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0 0 0 93.3pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 57.3pt"></TD><TD STYLE="width: 36pt">(ii)</TD><TD STYLE="text-align: justify">in re-election <B>Nilson Martiniano Moreira</B>, Brazilian, divorced, economist, bearer of Identity Card
(RG) No. 044.383.967-97 (Detran/DF), enrolled with the CPF under No. 583.491.386-53, resident and domiciled in the City of Brasilia, Federal
District, to take office as an alternate member of the Fiscal Council of the Company.</TD></TR></TABLE>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0 0 0 58.5pt; text-align: justify; text-indent: -2.25pt">Were registered
2,596,103,035 votes approve, 15,649,765 votes reject and 244,835,758 abstain.</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0 0 0 21.3pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 36pt"><B>5.2.7.</B></TD><TD STYLE="text-align: justify">The shareholders approved, by majority vote, for a term of office to expire at the Ordinary Shareholders&#8217;
Meeting to be held in 2029, the following members to the Company&#8217;s Fiscal Council, indicated by the controlling shareholders of
the Company:</TD></TR></TABLE>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0 0 0 21.3pt; text-align: justify; text-indent: 0.5in"><U>Effective Members</U>:</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0 0 0 94.5pt; text-align: justify; text-indent: -27pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 67.5pt"></TD><TD STYLE="width: 27pt"><B>(i)</B></TD><TD STYLE="text-align: justify">by reelection, <B>Jos&eacute; Ronaldo Vilela Rezende</B>, Brazilian, married, accountant, bearer of Identity
Card (RG) No. M-2.399.128 (SSP/MG), enrolled with the CPF under No. 501.889.846-15, resident and domiciled in the City of S&atilde;o Paulo,
State of S&atilde;o Paulo, to take office as an effective member of the Fiscal Council of the Company; and</TD></TR></TABLE>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0 0 0 94.5pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 67.5pt"></TD><TD STYLE="width: 27pt"><B>(ii)</B></TD><TD STYLE="text-align: justify">by reelection <B>Elidie Palma Bifano</B>, Brazilian, married, lawyer, bearer of Identity Card (RG) No.
3.076.167 (SSP/SP), enrolled with the CPF under No. 395.907.558-87, resident and domiciled in the City of S&atilde;o Paulo, State of S&atilde;o
Paulo, to take office as an effective member of the Fiscal Council of the Company.</TD></TR></TABLE>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0 0 0 94.5pt; text-indent: -27pt">&nbsp;</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0 0 0 94.5pt; text-indent: -27pt"><U>Alternate Members</U>:</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 70.9pt"></TD><TD STYLE="width: 21.25pt"><B>(i)</B></TD><TD STYLE="text-align: justify">by election, <B>Luiz Alfredo Vieira Sales</B>, Brazilian, married, technology specialist, bearer of Identity
Card (RG) No. 239.555 SSP/RO, enrolled with the CPF under No. 238.175.422-91, resident and domiciled in the City of Nova Lima, State of
Minas Gerais; and</TD></TR></TABLE>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0 0 0 94.5pt; text-indent: -27pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 67.5pt"></TD><TD STYLE="width: 27pt"><B>(ii)</B></TD><TD STYLE="text-align: justify">by reelection, <B>Emanuel Sotelino Schifferle</B>, Brazilian, married, engineer, bearer of Identity Card
RG No. 01.433.665-5 IFP/RJ, enrolled with the CPF under No. 009.251.367-00, resident and domiciled in the City of Rio de Janeiro, State
of Rio de Janeiro, to take office as an alternate member of the Fiscal Council of the Company.</TD></TR></TABLE>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0 0 0 58.5pt; text-align: justify; text-indent: -2.25pt">Were registered
11,339,539,377 votes approve, 1,753,413 votes reject and 1,570,313 abstain.</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0 0 0 56.7pt; text-align: justify">The elected members of the Fiscal
Council appointed above shall take office upon execution of the respective terms of investiture, along with the clearance statement required
by law.</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 36pt"><FONT STYLE="font-size: 10pt"><B>5.2.8.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">The shareholders was approved, by majority vote global compensation of the
managers for the year 2026, in an annual amount of up to R$ 162,176,731.00, including expenses related to the recognition of the fair
value of share-based compensation that the Company intends to grant during the fiscal year pursuant to the Share-Based Compensation Plan
dated April 29, 2016, as amended.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0 0 0 21.3pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0 0 0 58.5pt; text-align: justify; text-indent: -2.25pt">Were registered
14,210,290,787 votes approve, 218,959,681 votes reject and 2,998,453 abstain.</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0 0 0 21.3pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 36pt"><FONT STYLE="font-size: 10pt"><B>5.2.9.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">The shareholders approved by majority vote the amount of the global
                                                                                                              compensation of the Company&#8217;s Fiscal Council members for the fiscal year of 2026 in the amount of up to R$&nbsp;2.471.314,00,
                                                                                                              with the compensation of the alternates being
in an amount equal to half of the amount received by the effective members, subject to the limits provided by law.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0 0 0 58.5pt; text-align: justify; text-indent: -2.25pt">Were registered
14,416,809,598 votes approve, 9,840,242 votes reject and 5,599,081 abstain.</P>


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<P STYLE="font: 12pt/14pt Times New Roman, Times, Serif; margin: 0 0 0 57.3pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0 0 0 21.3pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 20.6pt"></TD><TD STYLE="width: 14.85pt"><FONT STYLE="font-size: 10pt"><B>5.3.</B></FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt"><B>At the Extraordinary General Meeting:</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 36pt"><B>5.3.1.</B></TD><TD STYLE="text-align: justify">The shareholders approved by majority votes the amendment to the heading of Article 5 of the Company&#8217;s
Bylaws, so as to reflect the capital increases approved by the Board of Directors, within the limit of the authorized capital, up to the
date of the call of these Shareholders&#8217; Meetings, which shall henceforth read as set forth in <B>Annex I</B> to these minutes.</TD></TR></TABLE>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0 0 0 57.3pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0 0 0 56.7pt; text-align: justify">Were registered 14,701,239,270 votes
approve, 733,276 votes reject and 4,166,036 abstain.</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0 0 0 70.9pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 36pt"><B>5.3.2.</B></TD><TD STYLE="text-align: justify">The shareholders approved by majority votes the amendment to the heading of Article 22 and Articles 25
and 31, including new Article 30, and exclude Articles 26, 27, 29, 33 and 34 of the Company&#8217;s Bylaws, all of which shall henceforth
read as set forth in <B>Annex</B> I to these minutes.</TD></TR></TABLE>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0 0 0 56.7pt; text-align: justify">Were registered 14,700,554,852 votes
approve, 1,230,421 votes reject and 4,353,309 abstain.</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 36pt"><B>5.3.3.</B></TD><TD STYLE="text-align: justify">The shareholders approved by majority votes amend the &sect;3 of article 40 of the Company&#8217;s Bylaws,
all of which shall henceforth read as set forth in <B>Annex</B> I to these minutes.</TD></TR></TABLE>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0 0 0 56.7pt; text-align: justify">Were registered 14,701,420,770 votes
approve, 2,275,191 votes reject and 2,442,621 abstain.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 36pt"><B>5.3.4.</B></TD><TD STYLE="text-align: justify">The shareholders approved by majority votes renumber the articles and consolidate the Company&#8217;s
bylaws, with the Company&#8217;s Bylaws henceforth taking effect with the wording set forth in Annex I to these minutes.</TD></TR></TABLE>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0 0 0 56.7pt; text-align: justify">Were registered 14,701,743,977 votes
approve, 1,975,490 votes reject and 2,419,115 abstain.</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0 0 0 58.5pt; text-align: justify; text-indent: -2.25pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 25.5pt"><FONT STYLE="font-size: 10pt"><B>6.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><B><U>Approval and Closure</U></B>: With no further matters on the agenda,
the minutes hereof were drawn up and, after being read and approved, were signed by the members of the Presiding Board and the shareholders.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0 0 0 25.5pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/14pt Times New Roman, Times, Serif; margin: 0 0 0 25.5pt; text-align: justify; text-indent: -25.5pt"><FONT STYLE="font-size: 10pt"><B>7.</B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt"><U>Signatures</U></FONT></B><FONT STYLE="font-size: 10pt">: Guilherme Malik Parente <I>Chairman</I>;
Monique Mesquita Mavignier, <I>Secretary</I>. </FONT></P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0 0 0 21.3pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: center"><I>I certify the extract hereof is a faithful
copy of the resolutions of the minutes book of the Company.</I></P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: center">S&atilde;o Paulo, April 30, 2026.</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: center">/s/ Guilherme Malik Parente</P>
    <P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: center"><I>Chairman</I></P>
    <P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="width: 50%; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: center">/s/ Monique Mesquita Mavignier</P>
    <P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: center"><I>Secretary</I></P></TD></TR>
  </TABLE>
<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>


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<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B><U>Exhibit I</U></B></P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: center">&#8220;<B>AMBEV S.A.</B></P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: center">CNPJ/ME [National Corporate Taxpayers Register
of the Ministry of Economy] No. 07.526.557/0001-00</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: center">NIRE [Corporate Registration Identification Number]
35.300.368.941</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: center">Openly Held Company</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>BYLAWS</B></P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>CHAPTER I</B></P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>NAME, HEADQUARTERS, PURPOSE AND DURATION</B></P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Article 1 &#8211;</B> AMBEV S.A. (&#8220;<U>Company</U>&#8221;)
is a corporation (<I>sociedade an&ocirc;nima</I>), which shall be governed by these Bylaws and by applicable law.</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Article 2 &#8211; </B>The Company has its
headquarters and jurisdiction in the City of S&atilde;o Paulo, State of S&atilde;o Paulo. Branches, offices, deposits or representation
agencies may be opened, maintained and closed elsewhere in Brazil or abroad, by a joint resolution of the Chief Financial and Investor
Relations Officer and the Legal Vice President Officer, for achievement of the Company&#8217;s purposes.</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Article 3 &#8211; </B>The purpose of the Company,
either directly or by participation in other companies, is:</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">a)</TD><TD STYLE="text-align: justify">the production and trading of beer, concentrates, soft drinks and other beverages, as well as foods and
drinks in general, including ready-to-drink liquid compounds, flavored liquid preparations, powdered or tubbed guaran&aacute;;</TD></TR></TABLE>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">b)</TD><TD STYLE="text-align: justify">the production and trading of raw materials required for the industrialization of beverages and byproducts,
such as malt, barley, ice, carbonic gas, and of anything else that may be necessary or useful for the activities listed in item (a) above,
including the manufacturing and sale of packages for beverages, as well as the manufacturing, sale and industrial use of raw material
necessary for the manufacturing of such packages, as well as the production, trading, rental, maintenance and repair of appliances, machinery,
utensils and equipment;&nbsp;</TD></TR></TABLE>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">c)</TD><TD STYLE="text-align: justify">the production, certification and commerce of seeds and grains, as well as the commerce of fertilizers
and fungicides and other related activities, as necessary or useful to the development of the main activities of the Company as stated
in these Bylaws;</TD></TR></TABLE>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">d)</TD><TD STYLE="text-align: justify">the packaging and wrapping of any of the products belonging to it or to third parties;</TD></TR></TABLE>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">e)</TD><TD STYLE="text-align: justify">the agricultural cultivation and promotion activities in the field of cereals and fruits which are the
raw material used by the Company in its industrial activities, as well as in other sectors that require a more dynamic approach in the
exploration of the virtues of the Brazilian soil, mainly in the food and health segments;</TD></TR></TABLE>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">f)</TD><TD STYLE="text-align: justify">the operation on the following areas: research, prospecting, extraction, processing, industrialization,
commercialization and distribution of mineral water, in all national territory;</TD></TR></TABLE>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: -0.25in">&nbsp;</P>


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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">g)</TD><TD STYLE="text-align: justify">the beneficiation, expurgation and other phytosanitary services, and industrialization of products resulting
from the activities listed in item (d) above, either for meeting the purposes of its industry or for trading of its byproducts, including,
but not limited to, byproducts for animal feeding;</TD></TR></TABLE>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">h)</TD><TD STYLE="text-align: justify">the advertising of products belonging to it and to third parties, including agency of advertising space
and the production, trading or rental of&nbsp;promotional and advertising materials, as well as the rendering of information and internet
content services and business intermediation;</TD></TR></TABLE>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">i)</TD><TD STYLE="text-align: justify">the promotion and intermediation of financial services&#8217; and payments&#8217; offers, and the rendering
of technical, market and administrative assistance services and other services at all times directly or indirectly related to the core
activities of the Company;</TD></TR></TABLE>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">j)</TD><TD STYLE="text-align: justify">the importation of anything necessary for its industry and trade;</TD></TR></TABLE>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">k)</TD><TD STYLE="text-align: justify">the exportation of its products;</TD></TR></TABLE>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">l)</TD><TD STYLE="text-align: justify">the direct or indirect exploration of bars, restaurants, luncheonettes and similar places;</TD></TR></TABLE>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">m)</TD><TD STYLE="text-align: justify">the contracting and/or the rendering of logistics services, including warehousing, stock management in
storages owned by the Company or by third parties, general warehouse operation and cargo transportation in general;</TD></TR></TABLE>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">n)</TD><TD STYLE="text-align: justify">printing and reproduction of recorded materials, including the activities of printing, services of preprinting
and graphic finishing and reproduction of recorded materials in any base;</TD></TR></TABLE>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">o)</TD><TD STYLE="text-align: justify">generation and trading of energy and equipment required for generating energy, as well as any other ancillary
activity to enable the implementation of projects for generation, use or trade of energy, related, directly or indirectly, to the core
activities of the Company;</TD></TR></TABLE>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">p)</TD><TD STYLE="text-align: justify">collection, transportation, treatment, recycling, reuse, disposition and/or trading of scrap and solid
waste of the Company or of third parties; the reuse of such waste, in its transformation cycle or any other productive cycles of third
parties, or any other environmentally appropriate final destination (for reverse logistics), among other related activities;</TD></TR></TABLE>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">q)</TD><TD STYLE="text-align: justify">the sale and/or distribution, directly or through third parties, of household, commercial and/or personal
consumer products in general, without restriction; and</TD></TR></TABLE>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 18pt"></TD><TD STYLE="width: 4.5pt">r)</TD><TD STYLE="text-align: justify">the creation, development, licensing, exploitation, commercialization, including leasing of computerized
systems (software), customizable or not, and/or any technological solution that enables the rendering of services, contents and/or commercialization
of products by any electronic means or of communication, as well as the rendering of consulting services, technical assistance and training
related to the use of systems and solution developed or sold by the Company.</TD></TR></TABLE>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Sole Paragraph &#8211; </B>Additionally to
the provisions of the caption of this article, the Company may participate in or associate itself with other commercial and civil companies,
as partner, shareholder or quotaholder, in Brazil or abroad.</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Article 4 &#8211;</B> The Company is established
for an indeterminate term.</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>


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<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>CHAPTER II</B></P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>CAPITAL STOCK AND SHARES</B></P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Article 5 &#8211;</B> The capital stock is
of R$58.308.213.544,96, divided into 15.763.664.889 registered common shares, without par value registered common shares, without par
value.</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Paragraph 1 &#8211; </B>Each common share
shall be entitled to one vote in the resolutions of the Shareholders&#8217; Meeting.</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Paragraph 2 &#8211; </B>The Company shares
are in the book-entry form and shall be held in a deposit account in the name of the respective holders, with a financial institution
indicated by the Board of Directors.</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Paragraph 3 &#8211;</B> The Company may suspend
the services of transfer and splitting of shares and certificates in accordance with the Shareholders&#8217; Meeting's determination,
provided that this suspension does not exceed ninety (90) intercalary days during the fiscal year or fifteen (15) consecutive days.</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Article 6 &#8211; </B>The Company is authorized
to increase its share capital up to the limit of 19,000,000 (nineteen billion) shares, irrespective of an amendment to the Bylaws, by
resolution of the Board of Directors, which shall resolve on the paying-up conditions, the characteristics of the shares to be issued
and the issue price, and shall establish whether the increase shall be carried out by public or private subscription.</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Sole Paragraph &#8211;</B> The issuance of
shares pursuant to any special laws regarding fiscal incentives (art. 172, sole paragraph, of Law No. 6,404/76) shall not give rise to
preemptive rights to shareholders; provided, however, that shares subscribed with funds originated from fiscal incentives shall not carry
preemptive rights for subscription in connection with any issuance of shares after such subscription.</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Article 7 &#8211; </B>The issuance of shares,
debentures convertible into shares and subscription bonds, the placement of which shall be made (i) by sale on the stock exchange; (ii)
by public subscription; or (iii) for share swap, in a public offering for acquisition of control which, under the terms of articles 257
and 263, of Law No. 6,404/76, may be carried out with exclusion of the preemptive right or with reduction in the period which is addressed
in article 171, paragraph 4 of Law No. 6,404/76.</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Article 8 &#8211;</B> The Board of Directors
may also, within the limit of the authorized capital, (i) based on a plan approved by the Shareholders&#8217; Meeting, grant call options
to management, employees or individuals that render services to the Company or companies under its control; (ii) approve the capital increase
by capitalizing profits or reserves, with or without the issuance of new shares; and (iii) resolve on the issuance of subscription bonus
or debentures convertible into shares.</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Article 9 &#8211; </B>Failure by the subscriber
to pay the subscribed value, on the conditions set forth in the bulletin or call shall cause it to be considered in default by operation
of law, for purposes of articles 106 and 107 of Law No. 6,404/76, subjecting it to the payment of the amount in arrears, adjusted for
inflation according to the variation in the General Market Price Index (IGP-M) in the shortest period permitted by law, in addition to
interest at twelve percent (12%) per year, <I>pro rata temporis</I>, and a fine corresponding to ten percent (10%) of the amount in arrears,
duly updated.</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>


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<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>CHAPTER III</B></P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SHAREHOLDERS&#8217; MEETINGS</B></P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Article 10 &#8211; </B>The Shareholders&#8217;
Meeting has the power to decide on all businesses related to the object of the Company and to take any resolutions it may deem advisable
for its protection and development.</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Article 11 &#8211; </B>Shareholders&#8217;
Meetings shall be convened and presided over by the Chairman or one of the Co-Chairmen of the Board of Directors, as applicable, or person
appointed by them, who may designate up to two secretaries.</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Article 12 &#8211; </B>Any resolutions of
the Shareholders&#8217; Meetings, except for the cases contemplated by law, shall be taken by an absolute majority of votes, excluding
any blank votes.</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Article 13 &#8211;</B> Annual Shareholders&#8217;
Meetings shall be held within the first four months after the end of the fiscal year, and shall decide on matters under their authority,
as set forth in law.</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Article 14 &#8211; </B>Extraordinary Shareholders&#8217;
Meetings shall be held whenever the interests of the Company so require, as well as in the events established in law and in these Bylaws.</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>CHAPTER IV</B></P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>MANAGEMENT OF THE COMPANY</B></P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Article 15 &#8211; </B>The Company shall be
managed by a Board of Directors and a Board of Executive Officers, pursuant to law and these Bylaws.</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Paragraph 1 &#8211; </B>The Shareholders&#8217;
Meeting shall establish the aggregate compensation of the Management, which shall be apportioned by the Board of Directors, as provided
for in article 21 hereof.</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Paragraph 2 &#8211;</B> The management must
adhere to the Manual on Disclosure and Use of Information and Policy for the Trading with Securities Issued by the Company, by executing
the Joinder Agreement.</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Paragraph 3 &#8211;</B> The Board of Directors
will be composed, in its majority, by external members, that is, directors without current, employment or management relationship, with
the Company, who may or may not be considered independent members, observed the provisions of paragraph 5 of this article 15.</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Paragraph 4 &#8211; </B>The offices of Chairman
or Co-Chairmen of the Board of Directors, as applicable, and Chief Executive Officer of the Company may not be cumulated by the same person.</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Paragraph 5 &#8211;</B> At least: (i) two
members; or (ii) twenty percent (20%) of the total number of members of the Board of Directors of the Company, whichever is greater, will
be independent directors, it being understood, for the purposes hereof, as independent directors those in compliance with the following
requirements:</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">a)</TD><TD STYLE="text-align: justify">he/she must not be a Controlling Shareholder, or spouse or relative up to second-degree thereof;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">b)</TD><TD STYLE="text-align: justify">he/she must not have been, for the last three years, an employee or officer (i) of the Company or of a
company controlled by the Company, or (ii) of the Controlling Shareholder or of a company controlled thereby (&#8220;Jointly-Controlled
Company&#8221;);</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">c)</TD><TD STYLE="text-align: justify">he/she must not have business relationships, including he/she must not be a supplier or buyer, whether
direct or indirect, of services and/or products of the Company, of a company controlled by the Company, of the Controlling Shareholder, an associated
company or of a Jointly Controlled Company, in all cases in magnitude which implies in the loss of independence;</TD></TR></TABLE>


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<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">d)</TD><TD STYLE="text-align: justify">he/she must not be an employee or manager of a company or entity which is offering or requesting services
and/or products of the Company, of a company controlled by the Company, of the Controlling Shareholder or of a Jointly Controlled Company,
as per item (c) above;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">e)</TD><TD STYLE="text-align: justify">he/she must not be a spouse, partner or straight-line or collateral relative up to second degree of any
manager of the Company, of a company controlled by the Company, of the Controlling Shareholder, of a manager of the Controlling Shareholder
or of a Jointly Controlled Company;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">f)</TD><TD STYLE="text-align: justify">he/she must not receive compensation by the Company, by a company controlled by the Company, by the Controlling
Shareholder, an associated company or by a Jointly Controlled Company, except as a member of the Board of Directors (cash provisions from
capital interests are excluded from this restriction);</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">g)</TD><TD STYLE="text-align: justify">he/she must not have his/her voting exercise in the meetings of the Board of Directors bound by a shareholders&#8217;
agreement whose purpose are matters related to the Company;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">h)</TD><TD STYLE="text-align: justify">he/she must not have founded the Company nor has significant influence over it.</TD></TR></TABLE>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0 0 0 56.7pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Paragraph 6 &#8211;</B> Directors elected
pursuant to art. 141, paragraphs 4 and 5, of Law No. 6,404/76 will also be considered Independent Directors, notwithstanding of complying
with the independence criteria provided in this article.</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SECTION I</B></P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>BOARD OF DIRECTORS</B></P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Article 16 &#8211;</B> The Board of Directors
shall be composed of five (5) to eleven (11) sitting members, with two (2) to eleven (11) alternates, bound or not to a specific sitting
Director, and shall be elected by the Shareholders&#8217; Meeting and be dismissed thereby at any time, with a term of office of three
(3) years, reelection being permitted.</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Paragraph 1 &#8211; </B>Subject to the caption
of this article, the number of members that will make up the Board of Directors in each management period shall be previously established
at each Shareholders&#8217; Meeting whose agenda includes election of the members of the Board of Directors, and this matter shall be
forwarded by the Chairman of the Shareholders&#8217; Meeting.</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Paragraph 2 &#8211;</B> The Board of Directors
may determine the creation of advisory committees formed in its majority by members of the Board of Directors, defining their respective
composition and specific duties.&nbsp; The rules of article 160 of Law No. 6,404/76&nbsp;shall apply to members of the advisory committees.&nbsp;
It will be incumbent upon said committees to analyze and discuss the issues defined as being within the scope of their duties, as well
as to formulate proposals and recommendations for deliberation by the Board of Directors.</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Paragraph 3 &#8211; </B>The members of the
Board of Directors shall be invested in office upon the execution of the respective instrument, drawn up in the proper book, and shall
remain in office until they are replaced by their successors.</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Paragraph 4 &#8211; </B>The Director shall
have an indisputable reputation, and cannot be elected, unless waived by the Shareholders&#8217; Meeting, if it (i) occupies a position
in companies that can be considered as a competitor of the Company, or (ii) has or represents a conflicting interest with the Company;
the voting rights of the Director cannot be exercised by him/her in case the same impediment factors are configured.</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Article 17 &#8211;</B> The Board of Directors
shall have one Chairman or two (2) Co-Chairmen, as defined by the vote of the majority of its members, and, in the case of Co-Chairmen,
this must be done in a shared manner, with both Co-Chairmen having identical prerogatives and duties. The Chairman or Co-Chairmen of
the Board of Directors, as applicable, will be elected by a majority of the members of the Board of Directors, immediately after said
members are invested in office.</P>
<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>


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<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Article 18 &#8211;</B> The Board of Directors
shall meet, ordinarily, at least once each quarter and, extraordinarily, whenever necessary, upon call by the Chairman or any of its Co-Chairmen,
as applicable, or by the majority of its members, through letter, email, telegram or personally, with at least twenty-four (24) hours
in advance.</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Article 19 &#8211; </B>The Board of Directors
shall be convened, operate and pass valid resolutions by the favorable vote of the majority of its members present in the meeting.</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Paragraph 1 &#8211;</B> The Directors may
attend meetings by telephone, videoconferencing, telepresence or by previously sending their votes in writing.&nbsp; In this case, the
Director will be considered to be present at a meeting in order to ascertain the quorum for declaring it open and voting, with this vote
being deemed valid for all legal effects, being included in minutes of such meeting.</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Paragraph 2 &#8211; </B>In the event of a
tie in the resolutions of the Board of Directors, neither the Chairman nor any of the Co-Chairmen, as applicable, shall have the casting
vote, but only their own personal votes.</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Paragraph 3 &#8211; </B>The Director shall
not have access to information or take part in meetings of the Board of Directors related to matters in which it has conflicting interests
with the Company.</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Article 20 &#8211; </B>In the case of permanent
absence or impediment of any Director, and if there is an alternate Director, the Board of Directors shall decide whether the alternate
shall fill the vacant office, or if the vacant office shall be filled by a substitute on a permanent basis; the substitute Director shall,
in any case, complete the term of office of the absent or impeded Director.</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Sole Paragraph &#8211;</B> In the event of
temporary absence or impediment, the members of the Board of Directors shall be replaced by the respective alternates, or in the absence
thereof, by another Director appointed for such purpose by the absent Director. In this latter case, the Director that is replacing the
absent or impeded Director shall cast the vote of the absent Director in addition to his own vote.</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Article 21 &#8211; </B>The Board of Directors
shall resolve on the matters listed below:</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">a)</TD><TD STYLE="text-align: justify">establish the general direction of the Company's business, approving the guidelines, corporate policies
and basic objectives for all the main areas of performance of the Company;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">b)</TD><TD STYLE="text-align: justify">approve the annual investment budget of the Company;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">c)</TD><TD STYLE="text-align: justify">approve the annual long-term strategic plans of the Company;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">d)</TD><TD STYLE="text-align: justify">elect and dismiss the Company's Officers, and set their attributions;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">e)</TD><TD STYLE="text-align: justify">supervise the management of the Board of Executive Officers, review at any time the books and documents
of the Company, and request information regarding any acts executed or to be executed by the Company;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">f)</TD><TD STYLE="text-align: justify">attribute, from the aggregate value of the compensation established by the Shareholders&#8217; Meeting,
the monthly fees of each of the members of the Company's Management;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">g)</TD><TD STYLE="text-align: justify">define the general criteria on compensation and benefit policy (fringe benefits, participation in profits
and/or sales) for the management and senior employees (namely, managers or employees in equivalent direction positions) of the Company;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">h)</TD><TD STYLE="text-align: justify">appoint the Company's independent auditors;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">i)</TD><TD STYLE="text-align: justify">resolve on the issue of shares and warrants, within the limit of the authorized capital of the Company;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">j)</TD><TD STYLE="text-align: justify">provide a previous manifestation on the management's report, the Board of Executive Officers' accounts,
the financial statements for the fiscal year, and review the monthly balance sheets;</TD></TR></TABLE>


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    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->12<!-- Field: /Sequence -->&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">k)</TD><TD STYLE="text-align: justify">submit to the Shareholders&#8217; Meeting of the proposal of allocation of the net profits for the year;&nbsp;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">l)</TD><TD STYLE="text-align: justify">call the Annual Shareholders&#8217; Meeting and, whenever it may deem advisable, the Extraordinary Shareholders&#8217;
Meetings;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">m)</TD><TD STYLE="text-align: justify">approve any business or agreements between the Company and/or any of its controlled companies (except
those fully controlled), management and/or shareholders (including any direct or indirect partners of the Company's shareholders), without
impairment of item &#8220;q&#8221; below;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">n)</TD><TD STYLE="text-align: justify">approve the creation, acquisition, assignment, transfer, encumbering and/or disposal by the Company, in
any way whatsoever, of shares, quotas and/or any securities issued by any company controlled by the Company or associated to the Company;
except in case of operations involving only the Company and companies fully controlled thereby or in case of indebtedness operation, in
which case the provisions of item &#8220;o&#8221; bellow shall apply;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">o)</TD><TD STYLE="text-align: justify">approve the contracting by the Company of any debt in excess of ten percent (10%) of the Company's shareholders&#8217;
equity reflected on the latest audited balance sheet; this amount shall be considered per individual transaction or a series of related
transactions;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">p)</TD><TD STYLE="text-align: justify">approve the execution, amendment, termination, renewal or cancellation of any contracts, agreements or
similar instruments involving trademarks registered or deposited in the name of the Company or any of its controlled companies; except
(i) for the agreements entered into between the Company and its fully controlled companies, or (ii) in the event of licensing of brands
to be used in gifts, accessory materials connected to such brands, or disclosure in events, or yet (iii) for agreements in which the licensing
of brands is an accessory element to the execution of its main purpose (provided they do not depend on the approval of the Board of Directors
for any other reason provided in this article 21);</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">q)</TD><TD STYLE="text-align: justify">approve the granting of loans and the rendering of guarantees of any kind by the Company for amounts exceeding
one percent (1%) of the shareholders&#8217; equity of the Company reflected on the latest audited balance sheet, to any third party, except
in favor of any companies controlled by the Company;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">r)</TD><TD STYLE="text-align: justify">approve the execution by the Company of any long-term agreements (i.e., agreements executed for a term
exceeding one year), involving an amount in excess of five percent (5%) of the shareholders&#8217; equity of the Company, as shown on
the latest audited balance sheet; this amount shall be considered per individual transaction or a series of related transactions, except
in the case of agreements entered into between the Company and its fully controlled companies;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">s)</TD><TD STYLE="text-align: justify">resolve on the Company's participation in other companies, as well as on any participation in other undertakings,
including through a consortium or special partnership, that involves (i) an amount greater than five hundredths percent (0.05%) of the
shareholders&#8217; equity of the Company, as shown in the latest audited balance sheet, considered individual transaction; or (ii) any
amount, once it is verified that the series of transactions with an amount equal to or lower than the amount referred in item (i) has
reached, within the same fiscal year, the global limit of seventy-five hundredths percent (0.75%) of the shareholders&#8217; equity of
the Company, as shown in the latest audited balance sheet;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">t)</TD><TD STYLE="text-align: justify">resolve on the suspension of the Company's activities, except in the cases of stoppage for servicing of
its equipment;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">u)</TD><TD STYLE="text-align: justify">authorize the acquisition of shares of the Company to be kept in treasury, be canceled or subsequently
disposed of, as well as the cancellation and further sale of such shares, with due regard for applicable law;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">v)</TD><TD STYLE="text-align: justify">resolve on the issuance of Trade Promissory Notes for public distribution, pursuant to CVM Ruling No.
134;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">w)</TD><TD STYLE="text-align: justify">resolve, within the limits of the authorized capital, on the issuance of convertible debentures, specifying
the limit of the increase of capital arising from debentures conversion, by number of shares, and the species and classes of shares that
may be issued, under the terms of article 59 paragraph 2 of Law No. 6,404/76</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">x)</TD><TD STYLE="text-align: justify">authorize the disposal of fixed assets, excepted for the ones mentioned in item &#8220;n&#8221; of this
article, and the constitution of collateral in an amount greater than 1% (one percent) of the shareholders&#8217; equity reflected in
the latest audited balance sheet. This amount will be considered per individual transaction or a series of related transactions;&nbsp;</TD></TR></TABLE>


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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">y)</TD><TD STYLE="text-align: justify">perform the other legal duties assigned thereto at the Shareholders&#8217; Meeting or in these Bylaws;
and</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">z)</TD><TD STYLE="text-align: justify">resolve on any cases omitted by these Bylaws and perform other attributions not conferred on another body
of the Company by the law or these Bylaws.</TD></TR></TABLE>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Paragraph 1 &#8211; </B>The decisions of the
Board of Directors shall be recorded in minutes, which shall be signed by those present in the meeting.</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Paragraph 2 &#8211; </B>Any favorable vote
cast by a Company representative in connection with any resolution on the matters listed above, in Shareholders&#8217; Meetings and in
other corporate bodies of the companies controlled by the Company, either directly or indirectly, shall be conditional on the approval
of the Board of Directors of the Company.</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SECTION II</B></P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>BOARD OF EXECUTIVE OFFICERS</B></P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Article 22 &#8211; </B>The Board of Executive
Officers shall be composed of two (2) to fifteen (15) members, shareholders or not, of whom (i) one shall be the Chief Executive Officer
(ii) one shall be the Commercial Vice President Officer, (iii) one shall be the Logistics Vice President Officer, (iv) one shall be the
Supply Vice President Officer, (v) one shall be the Financial and Investor Relations Vice President Officer, (vi) one shall be the Legal
and Compliance Vice President Officer, (vii) one shall be the Corporate Affairs Vice President Officer and (viii) the remaining Executive
Officers shall have no specific designation; all of whom shall be elected by the Board of Directors, and may be removed from office by
it at any time, and shall have a term of office of three (3) years, reelection being permitted..</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Paragraph 1 &#8211; </B>Should a position
of Executive Officer become vacant or its holder be impeded, it shall be incumbent upon the Board of Directors to elect a new Executive
Officer or to appoint an alternate, in both cases determining the term of office and the respective remuneration.</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Paragraph 2 &#8211; </B>It is incumbent upon
the Executive Board to exercise the prerogatives that the law, the Bylaws and the Board of Directors confer upon it for the performance
of the actions required for the Company to function normally.</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Paragraph 3 &#8211; </B>The Executive Officers
shall be invested in office upon the execution of the respective instrument, drawn up in the proper book, and shall remain in office until
their successors are vested in office.</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Article 23 &#8211; </B>The Executive Board,
whose presidency will be held by the Chief Executive Officer, shall meet as necessary, it being incumbent upon the Chief Executive Officer
to call and to be the chairman of the meeting.</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Article 24 &#8211; </B>It is the Chief Executive
Officer&#8217;s responsibility to:</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 21.25pt">a)</TD><TD STYLE="text-align: justify">submit the annual work plans and budgets, investment plans and new Company expansion programs to the Board
of Directors for approval, causing them to be carried out, pursuant to their approval;</TD></TR></TABLE>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0 0 0 42.55pt; text-align: justify; text-indent: -21.25pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 21.25pt">b)</TD><TD STYLE="text-align: justify">formulate the Company&#8217;s operating strategies and guidelines, as well as establishing the criteria
for executing the resolutions of the Shareholders&#8217; Meetings and of the Board of Directors, with the participation of the other Executive
Officers;</TD></TR></TABLE>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0 0 0 42.55pt; text-align: justify; text-indent: -21.25pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 21.25pt">c)</TD><TD STYLE="text-align: justify">supervise all the Company&#8217;s activities, providing the guidelines best suited to its corporate purpose;</TD></TR></TABLE>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0 0 0 42.55pt; text-align: justify; text-indent: -21.25pt">&nbsp;</P>


<!-- Field: Page; Sequence: 15 -->
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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 21.25pt">d)</TD><TD STYLE="text-align: justify">coordinate and oversee the activities of the Board of Executive Officers; and</TD></TR></TABLE>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0 0 0 42.55pt; text-align: justify; text-indent: -21.25pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 21.25pt">e)</TD><TD STYLE="text-align: justify">exercise the other prerogatives conferred upon it by the Board of Directors.</TD></TR></TABLE>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Article 25 &#8211;</B> It is the Commercial
Vice President Officer&#8217;s responsibility to:</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 21.25pt">a)</TD><TD STYLE="text-align: justify">be responsible for the direction, strategic planning and control of the Company's <U>commercial areas</U>;
and</TD></TR></TABLE>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 21.25pt">b)</TD><TD STYLE="text-align: justify">exercise the other prerogatives conferred upon it by the Board of Directors.</TD></TR></TABLE>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Article 26 - </B>It is the Logistics Vice
President Officer&#8217;s responsibility to:</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 21.25pt">a)</TD><TD STYLE="text-align: justify">establish, manage and be responsible for the pre-production and post-production distribution and logistics
strategy of the Company; and</TD></TR></TABLE>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0 0 0 42.55pt; text-align: justify; text-indent: -21.25pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 21.25pt">b)</TD><TD STYLE="text-align: justify">exercise the other prerogatives conferred upon it by the Board of Directors.</TD></TR></TABLE>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Article 27 &#8211; </B>It is the Supply Vice
President Officer&#8217;s responsibility to:</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 21.25pt">a)</TD><TD STYLE="text-align: justify">manage the branches, warehouses, industrial plants and other units of the Company related to its industrial
production; and</TD></TR></TABLE>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0 0 0 42.55pt; text-align: justify; text-indent: -21.25pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 21.25pt">b)</TD><TD STYLE="text-align: justify">exercise the other prerogatives conferred upon it by the Board of Directors.</TD></TR></TABLE>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Article 28 &#8211; </B>It is the Chief Financial
and Investor Relations Officer&#8217;s responsibility to:</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 21.25pt">a)</TD><TD STYLE="text-align: justify">manage and respond for the budget control of the Company;</TD></TR></TABLE>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0 0 0 42.55pt; text-align: justify; text-indent: -21.25pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 21.25pt">b)</TD><TD STYLE="text-align: justify">provide managerial, <FONT STYLE="text-decoration: underline double">accounting</FONT> and financial information;</TD></TR></TABLE>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0 0 0 42.55pt; text-align: justify; text-indent: -21.25pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 21.25pt">c)</TD><TD STYLE="text-align: justify">be responsible for the control over the cash flow and financial investments of the Company;</TD></TR></TABLE>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 21.25pt">d)</TD><TD STYLE="text-align: justify">provide any and all information to investors, to the Brazilian Securities and Exchange Commission (<I>Comiss&atilde;o
de Valores Mobili&aacute;rios</I>) and to B3 S.A. - Brasil, Bolsa, Balc&atilde;o;</TD></TR></TABLE>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0 0 0 42.55pt; text-align: justify; text-indent: -21.25pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 21.25pt">e)</TD><TD STYLE="text-align: justify">maintain the registration of the Company as an openly held company updated; and</TD></TR></TABLE>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0 0 0 42.55pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 21.25pt">f)</TD><TD STYLE="text-align: justify">exercise the other prerogatives conferred upon it by the Board of Directors.</TD></TR></TABLE>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0 0 0 56.7pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Article 29 &#8211; </B>It is the Legal and
Compliance Vice President Officer responsibility to:</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 21.25pt">a)</TD><TD STYLE="text-align: justify">establish, manage and coordinate the legal strategy adopted by the Company, and to supervise its judicial
and administrative proceedings;</TD></TR></TABLE>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0 0 0 42.55pt; text-align: justify; text-indent: -21.25pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 21.25pt">b)</TD><TD STYLE="text-align: justify">be responsible for the Company&#8217;s corporate documents;</TD></TR></TABLE>

<P STYLE="font: 10pt/16pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 21.25pt">c)</TD><TD STYLE="text-align: justify">implement, manage and operationalize the Company&#8217;s compliance program, ensuring compliance, effectiveness
and continuous improvement;</TD></TR></TABLE>


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<P STYLE="font: 10pt/16pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 21.25pt">d)</TD><TD STYLE="text-align: justify">investigate
any allegations of violations to the Company&#8217;s compliance program; and</TD></TR></TABLE>
<P STYLE="font: 10pt/16pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 22.5pt"></TD><TD STYLE="width: 18pt">e)</TD><TD STYLE="text-align: justify">exercise the other prerogatives conferred upon it by the Board of Directors.</TD></TR></TABLE>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0 0 0 40.5pt; text-align: justify; text-indent: -0.25in">&nbsp;</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0 0 0 0.45pt; text-align: justify; text-indent: -0.45pt"><B>Paragraph
1</B> &#8211; It is granted to the Legal and Compliance Vice-President Officer, in the exercise of his/her duties, direct access to the
Board of Directors</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0 0 0 0.45pt; text-align: justify; text-indent: -0.45pt; color: #0066FF"><FONT STYLE="text-underline-style: double"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0 0 0 0.45pt; text-align: justify; text-indent: -0.45pt"><B>Article 30</B>
- It is the Corporate Affairs Vice President Officer&#8217;s responsibility to:</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0 0 0 0.45pt; text-align: justify; text-indent: -0.45pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 22.5pt"></TD><TD STYLE="width: 18pt">a)</TD><TD STYLE="text-align: justify">define, coordinate and execute the Company's institutional strategy; and</TD></TR></TABLE>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0 0 0 40.5pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0 0 0 22.5pt; text-align: justify">b) exercise the other prerogatives
conferred upon it by the Board of Directors.</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0 0 0 56.7pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Article 31 &#8211;</B> It is incumbent upon
the other Executive Officers to exercise the prerogatives conferred upon them by means of a Meeting of the Board of Directors, which may
establish specific titles for their positions.</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Article 32 &#8211; </B>The Documents involving
the Company in any commercial, banking, financial or equity liability, such as agreements in general, check endorsements, promissory notes,
bills of exchange, trade bills and any credit instruments, debt acknowledgments, granting of <I>aval&nbsp;</I> guarantees and sureties,
credit facility agreements, acts performed by branches, <I>ad negocia </I>and <I>ad judicia </I>powers of attorney, and any other acts
creating any liability for the Company or waiving third-party obligations or obligations to the Company, shall be valid upon the signature
of two members of the Executive Board.</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Paragraph 1 &#8211;</B>The representation
of the Company in the aforementioned documents may be delegated to an attorney-in-fact, and such documents may be executed by an Attorney-in-Fact
in conjunction with an Officer, or by two Attorneys-in-Fact, jointly, provided that the instruments of power of attorney appointing these
attorneys-in-fact are executed by two Officers.</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Paragraph 2 &#8211;</B>The Company shall be
represented, individually, by any of the Officers or by a duly appointed Attorney-in-Fact, as regards receipt of service of process or
judicial notices and rendering of personal deposition.</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>CHAPTER V</B></P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>FISCAL COUNCIL</B></P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Article 33 &#8211;</B> The Company shall have
a Fiscal Council, on a permanent basis, composed of three (3) to five (5) members and an equal number of alternates. All of its members
shall be elected at a Shareholders&#8217; Meeting and by it removed at any time. Their term of office shall expire at the Annual Shareholders&#8217;
Meeting to be held following their election, reelection being permitted.</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Paragraph 1 &#8211;</B> In order for the Fiscal
Council to function, the majority of its members must attend its meeting.</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Paragraph 2 &#8211;&nbsp;</B>It shall be incumbent
upon the Fiscal Council to elect its Chairman in the first meeting to be held after its instatement.</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Paragraph 3&nbsp; &#8211;</B> In addition
to the duties conferred to it by these Bylaws and by law, the Fiscal Council shall establish in its Internal Regiment the procedures for
receiving, recording and treating complaints received in connection with accounting, internal accounting controls and matters related
with the auditing of the Company, as well as any other communication received on such matters.</P>


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<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Paragraph 4 &#8211;</B> The provisions of
Paragraph 2 of article 15 of these Bylaws apply to the members of the Fiscal Council.</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Article 34 &#8211; </B>The compensation of
the Fiscal Council's members shall be established by the Shareholders&#8217; Meeting that elects them.</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>CHAPTER VI</B></P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>FISCAL YEAR, BALANCE SHEET AND RESULTS</B></P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Article 35 &#8211; </B>The fiscal year shall
have the duration of one year and shall end on the last day of December of each year.</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Article 36 &#8211; </B>At the end of each
fiscal year, the financial statements determined by law shall be drawn up in accordance with the Company's bookkeeping.</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Paragraph 1 &#8211; </B>The Board of Directors
may resolve to draw up half-yearly balance sheets or for shorter periods, and approve the distribution of dividends and/or interest on
net equity based on the profits ascertained in such balance sheets, subject to the provisions set forth in Article 204 of Law No. 6,404/76.</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Paragraph 2 &#8211; </B>At any time, the Board
of Directors may also resolve on the distribution of interim dividends and/or interest on net equity based on the accrued profits or existing
profits reserves presented in the latest yearly or half-yearly balance sheet.</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Paragraph 3 &#8211; </B>The interim dividends
and interest on net equity shall always be considered as an advance on the minimum mandatory dividends.</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Article 37 &#8211;</B> From the profits ascertained
in each year, accumulated losses and a provision for income tax shall be deducted prior to any other distribution. &nbsp;</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Paragraph 1 &#8211; </B>Over the amount ascertained
as provided for in the caption of this article, it will be calculated:</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.45pt"></TD><TD STYLE="width: 18pt">a)</TD><TD STYLE="text-align: justify">the statutory participation of the Company&#8217;s employees up to the maximum limit of 10% (ten percent),
to be distributed according to the parameters to be established by the Board of Directors; and</TD></TR></TABLE>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.45pt"></TD><TD STYLE="width: 18pt">b)</TD><TD STYLE="text-align: justify">the statutory participation of the management, up to the maximum legal limit.</TD></TR></TABLE>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Paragraph 2 &#8211; </B>Over the amount ascertained
as provided for in the caption of this article, it may be calculated, in addition, up to the limit of 10% (ten percent), a contribution
for the purpose of meeting the charges of the assistance foundation for employees and management of the Company and its controlled companies,
with due regard for the rules established by the Board of Directors to this effect.</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Paragraph 3 &#8211; </B>The following allocations
shall be made from the net income of the fiscal year, obtained after the deductions dealt with in the previous paragraphs:</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 18pt">a)</TD><TD STYLE="text-align: justify">five percent (5%) shall be allocated to the legal reserve, up to twenty percent (20%) of the paid-in capital
stock or the limit established in article 193, paragraph 1 of Law No. 6,404/76;</TD></TR></TABLE>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>


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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 18pt">b)</TD><TD STYLE="text-align: justify">from the balance of the net profit of the fiscal year, obtained after the deduction mentioned in item
(a) of this article and adjusted pursuant to article 202 of Law No. 6,404/76, forty percent (40%) shall be allocated to pay the mandatory
dividend to all its shareholders; and</TD></TR></TABLE>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 18pt">c)</TD><TD STYLE="text-align: justify">an amount not greater than sixty percent (60%) of the adjusted net profits shall be allocated to the formation
of an Investment Reserve, for the purpose of financing the expansion of the activities of the Company and its controlled companies, including
through subscription of capital increases or the creation of new business developments.</TD></TR></TABLE>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Paragraph 4 &#8211; </B>The reserve set out
in item (c) of paragraph 3 of this article may not exceed eighty percent (80%) of the capital stock. Upon reaching this limit, the Shareholders&#8217;
Meeting shall resolve either to distribute the balance to the shareholders or increase the Company&#8217;s corporate capital.</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>CHAPTER VII</B></P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>LIQUIDATION, WINDING-UP AND EXTINGUISHMENT</B></P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Article 38 &#8211; </B>The Company shall be
liquidated, wound up and extinguished in the cases contemplated by law or by resolution of the Shareholders&#8217; Meeting.</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Paragraph 1 &#8211; </B>The manner of liquidation
shall be determined at a Shareholders&#8217; Meeting, which shall also elect the Fiscal Council that will function during the liquidation
period.</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Paragraph 2 &#8211; </B>The Board of Directors
shall appoint the liquidator, establish its fees and determine the guidelines for its operation.</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>CHAPTER VIII</B></P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>GENERAL PROVISIONS</B></P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;<B>Article 39 &#8211; </B>The dividends
attributed to the shareholders shall be paid within the legal time frames, and monetary adjustment and/or interest shall only be assessed
if so determined by the Shareholders&#8217; Meeting.</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Sole Paragraph &#8211; </B>The dividends not
received or claimed shall become time-barred within three years from the date on which they were made available to the shareholder and
shall revert to the benefit of the Company.</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Article 40 &#8211;</B> The Company shall comply
with the shareholders' agreements registered as provided for in article 118 of Law No. 6,404/76.</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Article 41 &#8211; </B>The Company will provide
the members of the Board of Directors, of the Board of Executive Officers and of the Fiscal Council, or the members of any corporate bodies
with technical functions set up to advise the managers, a legal defense in lawsuits an d administrative proceedings filed by third parties
during or after their respective terms of office, for acts performed during the exercise of their functions, including through a permanent
insurance policy, shielding them against liability for acts arising from the exercise of their positions or functions, including the payment
of court costs, legal fees, indemnifications and any other amounts arising from such proceedings.</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Paragraph 1 &#8211; </B>The guarantee set
forth in the caption of this article extends to employees working regularly to comply with powers-of-attorneys granted by the Company
or the subsidiaries controlled by the Company.</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>


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<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Paragraph 2 &#8211; </B>If any of the persons
mentioned in the caption or in Paragraph 1 of this article be sentenced by a final court decision due to negligent or criminal conduct,
the Company must be reimbursed by such person for all costs and expenses disbursed on legal assistance, as set forth by law.&#8221;</P>

<P STYLE="font: 12pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: center"><I>These Bylaws were approved at the Company's
Ordinary and Extraordinary Shareholders' Meeting held on April 30 2026.&#8221;</I></P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: center"><I>&nbsp;</I></P>

<P STYLE="font: 10pt/14pt Avantt; margin: 0; text-align: center"><I>***</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>
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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"></P>

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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"></P>



<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SIGNATURE</B></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0"><BR>
<BR>
</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0">Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</P>

<P STYLE="font: 13.5pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0">Date:&nbsp;April 30, 2026</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%">
<TR>
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 48%">&nbsp;</TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt">AMBEV S.A.</FONT></TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt">By:&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1.5pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt">/s/&nbsp;Guilherme Fleury de Figueiredo Ferraz Parolari</FONT></TD></TR>
<TR>
    <TD COLSPAN="2">&nbsp;</TD>
    <TD>
        <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">Guilherme Fleury de Figueiredo Ferraz Parolari</P>
        <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">Chief Financial and Investor Relations Officer</P></TD></TR>
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