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COMPANY'S OPERATIONS (Tables)

12 Months Ended

Dec. 31, 2022

COMPANY'S OPERATIONS

Summary of equity interest in the entities

% equity interest

Type of

December 31,

Entity

Main activity

Country

investment

Accounting method

2022

2021

Caravelas Florestal S.A. ^{(5) (7)}

Industrialization and commercialization of standing wood

Brazil

Direct

Consolidated

Celluforce Inc.

Nanocrystalline pulp research and development

Canada

Direct

Fair value through other comprehensive income

8.28

8.28

Ensyn Corporation

Biofuel research and development

United States of America

Direct

Equity

26.59

26.24

F&E Technologies LLC

Biofuel production, except alcohol

United States of America

Direct/Indirect

Equity

50.00

50.00

F&E Tecnologia do Brasil S.A.

Biofuel production, except alcohol

Brazil

Direct

Consolidated

100.00

100.00

Fibria Celulose (USA) Inc.

Business office

United States of America

Direct

Consolidated

100.00

100.00

Fibria Overseas Finance Ltd.

Financial fundraising

Cayman Island

Direct

Consolidated

100.00

100.00

Fibria Terminal de Celulose de Santos SPE S.A.

Port operations

Brazil

Direct

Consolidated

100.00

100.00

FuturaGene Ltd.

Biotechnology research and development

England

Direct

Consolidated

100.00

100.00

FuturaGene Biotechnology Shangai Company Ltd. ⁽¹⁾

Biotechnology research and development

China

Indirect

Consolidated

100.00

FuturaGene Delaware Inc.

Biotechnology research and development

United States of America

Indirect

Consolidated

100.00

100.00

FuturaGene Israel Ltd.

Biotechnology research and development

Israel

Indirect

Consolidated

100.00

100.00

FuturaGene Hong Kong Ltd.⁽⁸⁾

Biotechnology research and development

Hong Kong

Indirect

Consolidated

100.00

FuturaGene Inc.

Biotechnology research and development

United States of America

Indirect

Consolidated

100.00

100.00

Ibema Companhia Brasileira de Papel

Industrialization and commercialization of paperboard

Brazil

Direct

Equity

49.90

49.90

Maxcel Empreendimentos e Participações S.A.

Holding

Brazil

Direct

Consolidated

100.00

100.00

Itacel - Terminal de Celulose de Itaqui S.A.

Port operations

Brazil

Indirect

Consolidated

100.00

100.00

Mucuri Energética S.A.

Power generation and distribution

Brazil

Direct

Consolidated

100.00

100.00

Paineiras Logística e Transportes Ltda.

Road freight transport

Brazil

Direct

Consolidated

100.00

100.00

Portocel - Terminal Espec. Barra do Riacho S.A.

Port operations

Brazil

Direct

Consolidated

51.00

51.00

Projetos Especiais e Investimentos Ltda.

Commercialization of equipment and parts

Brazil

Direct

Consolidated

100.00

100.00

Rio Verde Participações e Propriedades Rurais S.A. ⁽⁷⁾

Forest assets

Brazil

Direct

Consolidated

100.00

SFBC Participações Ltda.

Packaging production

Brazil

Direct

Consolidated

100.00

100.00

Spinnova Plc ⁽²⁾

Research and development of sustainable raw materials (wood) for the textile industry

Finland

Direct

Equity

19.03

19.14

Stenfar S.A. Indl. Coml. Imp. Y. Exp.

Commercialization of paper and computer materials

Argentina

Direct

Consolidated

100.00

100.00

Suzano Austria GmbH.

Business office

Austria

Direct

Consolidated

100.00

100.00

Suzano Canada Inc.

Lignin research and development

Canada

Direct

Consolidated

100.00

100.00

Suzano Finland Oy

Industrialization, commercialization of cellulose, microfiber cellulose and paper.

Finland

Direct

Consolidated

100.00

100.00

Suzano International Finance B.V ⁽⁹⁾

Financial fundraising

Netherlands

Direct

Consolidated

100.00

Suzano International Trade GmbH.

Business office

Austria

Direct

Consolidated

100.00

100.00

Suzano Material Technology Development Ltd. ⁽⁶⁾

Biotechnology research and development

China

Direct

Consolidated

100.00

Suzano Operações Industriais e Florestais S.A.

Industrialization, commercialization and exporting of pulp

Brazil

Direct

Consolidated

100.00

100.00

Suzano Pulp and Paper America Inc.

Business office

United States of America

Direct

Consolidated

100.00

100.00

Suzano Pulp and Paper Europe S.A.

Business office

Switzerland

Direct

Consolidated

100.00

100.00

Suzano Shanghai Ltd.

Business office

China

Direct

Consolidated

100.00

100.00

Suzano Trading International KFT

Business office

Hungary

Direct

Consolidated

100.00

100.00

Suzano Trading Ltd. ⁽⁷⁾

Business office

Cayman Island

Direct

Consolidated

100.00

Suzano Ventures LLC ⁽³⁾

Corporate venture capital

United States of America

Direct

Consolidated

100.00

Veracel Celulose S.A.

Industrialization, commercialization and exporting of pulp

Brazil

Direct

Proportional Consolidated

50.00

50.00

Vitex BA Participações S.A. ^{(4) (7)}

Holding

Brazil

Direct

Consolidated

Parkia BA Participações S.A. ^{(4) (7)}

Holding

Brazil

Direct/Indirect

Consolidated

Garacuí Comercial Ltda. ^{(4) (7)}

Industrialization and commercialization of standing wood

Brazil

Indirect

Consolidated

Vitex SP Participações S.A. ^{(4) (7)}

Holding

Brazil

Direct

Consolidated

Parkia SP Participações S.A. ^{(4) (7)}

Holding

Brazil

Direct/Indirect

Consolidated

Sobrasil Comercial Ltda. ^{(4) (7)}

Industrialization and commercialization of standing wood

Brazil

Indirect

Consolidated

Vitex MS Participações S.A. ^{(4) (7)}

Holding

Brazil

Direct

Consolidated

Parkia MS Participações S.A. ^{(4) (7)}

Holding

Brazil

Direct/Indirect

Consolidated

Duas Marias Comercial Ltda. ^{(4) (7)}

Industrialization and commercialization of standing wood

Brazil

Indirect

Consolidated

Vitex ES Participações S.A. ^{(4) (7)}

Holding

Brazil

Direct

Consolidated

Parkia ES Participações S.A. ^{(4) (7)}

Holding

Brazil

Direct/Indirect

Consolidated

Claraíba Comercial Ltda. ^{(4) (7)}

Industrialization and commercialization of standing wood

Brazil

Indirect

Consolidated

Woodspin Oy

Development, production, distribution and commercialization of wood-based textile fibers, yarns and filaments, produced from cellulose and microfiber cellulose.

Finland

Direct/Indirect

Equity

50.00

50.00

1)	Equity interest discontinued during the year.

2)	On February 14, May 31, August 17, and December 19, 2022, the equity interest was changed as a result of the issuance of new shares by the entity under its stock option program.

3)	On May 17, 2022, incorporation of equity interest.

4)	On June 22, 2022, acquisition of equity interest (note 1.2.4).

5)	On August 9, 2022, acquisition of equity interest (note 1.2.5).

6)	On September 22, 2022, establishment of legal entity with full equity interest from Suzano S.A.

7)	On September 30, 2022, merger of the entity by Suzano S.A. due to corporate reorganization.

8)	On April 8, 2022, the entity was discontinued.

9)	On December 29, 2022, establishment of legal entity with full equity interest from Suzano S.A.